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CM - News Briefs - January 04, 2019
Andeavor Logistics LP’s new parent company Marathon Petroleum Corp. agreed to make loans of up to $500 million in total available to the LP in an Dec. 21 agreement. The revolvers would be at Andeavor’s request and would not exceed $500 million principal amount at any one time. The agreement runs through Dec. 21, 2023, at which time any amounts outstanding would become payable. Interest will accrue on the unpaid principal at a rate equal to onemonth LIBOR for dollar deposits plus a 175 bps premium, or......
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