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Phillips 66 Partners files to sell $250M of common units

Phillips 66 Partners LP registered up to $250 million of common units to be sold from time to time in one or more future offerings.

Any offering of the common units would be at prices and on terms that would depend on market conditions and other factors, according to a Dec. 20 SEC filing.

Net proceeds from the offerings would be used for general partnership purposes such as debt repayment, acquisitions and CapEx.