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Phillips 66 Partners extends term of revolving credit agreement

Phillips 66 Partners LP extended the term of its $750 million revolving credit agreement with a syndicate of banks and other financial institutions, according to a securities filing.

Under the amended and restated credit agreement, the maturity is extended from Oct. 3, 2021, to July 30, 2024. Phillips 66 Partners had no borrowings under the amended credit agreement, and there were no other amendments.

The amended credit agreement is guaranteed by Phillips 66 Partners Holdings LLC.

JPMorgan Chase Bank NA acted as administrative agent. MUFG Bank Ltd., Mizuho Bank Ltd. and TD Securities (USA) LLC served as co-syndication agents.

MUFG Bank Ltd., Mizuho Bank Ltd., TD Securities (USA) LLC, JPMorgan Chase Bank NA, BNP Paribas Securities Corp., Royal Bank of Canada, Barclays Bank PLC, Citibank NA, Credit Suisse Loan Funding LLC, Goldman Sachs Bank USA, BOFA Securities Inc., The Bank of Nova Scotia, Wells Fargo Securities LLC, Sumitomo Mitsui Banking Corp. and Commerzbank AG New York Branch acted as joint lead arrangers and book runners.