Legal DealFolio - Western Refining Credit Facility

Davis Polk advised Western Refining, Inc. in connection with the September 22, 2011 amendment and restatement of its existing senior, secured asset-backed revolving credit facility with Bank of America, N.A., as administrative agent, and the lenders party thereto. Pursuant to the amendment and restatement, Western Refining increased the facility size to $1 billion, extended the maturity of the facility to September 22, 2016, reduced the rate of interest and fees, added borrowing base availability, and made certain other changes, including increased flexibility with respect to certain covenants. In conjunction with the amendment and restatement, Western Refining also amended certain provisions of its existing senior, secured term loan facility to conform to corresponding provisions in the revolving credit facility. Headquartered in El Paso, Texas, Western Refining is an independent crude oil refiner and marketer of refined products. Western Refining also operates service stations and convenience stores. The Davis Polk credit team included partner Lawrence E. Wieman and associates J.W. Perry, Stevan R.B. Nicholas, Jamila A. Diggs and Kate M. Supnik. Partner Harry Ballan and associates Jason A. Chlipala and Juelle Gomes provided tax advice. The real estate team included counsel Susan D. Kennedy and associates John Naughton and Lucie E. Shin. Associate Ann Becchina provided employee benefits advice. Richard A Harrison was the legal assistant for the transaction. All members of the Davis Polk team are based in the New York office.

Deal Date:	27-09-2011	Practice Area:	International Finance and Bank Credit
Deal Title:	Western Refining Credit Facility	Industry:	Oil & Gas Producers
Description:	Davis Polk advised Western Refining, Inc. in connection with the September 22, 2011 amendment and restatement of its existing senior, secured asset-backed revolving credit facility with Bank of America, N.A., as administrative agent, and the lenders party thereto. Pursuant to the amendment and restatement, Western Refining increased the facility size to $1 billion, extended the maturity of the facility to September 22, 2016, reduced the rate of interest and fees, added borrowing base availability, and made certain other changes, including increased flexibility with respect to certain covenants. In conjunction with the amendment and restatement, Western Refining also amended certain provisions of its existing senior, secured term loan facility to conform to corresponding provisions in the revolving credit facility. Headquartered in El Paso, Texas, Western Refining is an independent crude oil refiner and marketer of refined products. Western Refining also operates service stations and convenience stores. The Davis Polk credit team included partner Lawrence E. Wieman and associates J.W. Perry, Stevan R.B. Nicholas, Jamila A. Diggs and Kate M. Supnik. Partner Harry Ballan and associates Jason A. Chlipala and Juelle Gomes provided tax advice. The real estate team included counsel Susan D. Kennedy and associates John Naughton and Lucie E. Shin. Associate Ann Becchina provided employee benefits advice. Richard A Harrison was the legal assistant for the transaction. All members of the Davis Polk team are based in the New York office.
Financial Center:	New York	Value:	0.00-100.00
Advised Party:	Borrower	Law Firm	Davis Polk
Borrower	United States	Lender	United States
Classification:	Syndicated and Bilateral Loans Syndicated Loans	Lawyer	Lawrence E Wieman

Practice Areas -

International Finance and Bank Credit Law Firms and Lawyers

Practice Areas - International Finance and Bank Credit Law Firms and Lawyers