Andeavor Logistics increases revolving commitments to $1.1 billion

By Marisa Wong

Morgantown, W.Va., Jan. 5 – Andeavor Logistics LP entered into amendments on Jan. 5 to its third amended and restated revolving credit agreement and its credit agreement, both dated Jan. 29, 2016 with Bank of America, NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The amendments increase the aggregate commitments under the revolving credit agreement to $1.1 billion from $600 million and add some financial institutions as additional lenders under the revolver.

Andeavor also made some changes to permit the incurrence of an additional $500 million of incremental loans to be shared between the two credit agreements.

Andeavor is a San Antonio-based marketing, logistics and refining company.

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