Refinance
Home Equity
Debt Consolidation
Home Purchase
News/Articles
Fast Mortgage - Mortgage News

Sunoco Logistics Partners L.P. Announces Increased and Amended Revolving Credit Agreement

Refinance & Save!
Lower Your Mortgage Payments.

Home Equity Loans
Take advantage of your equity.
Fast & Easy.

Consolidate Your Debt
Pay Off Bills
& Lower Your Payments

Want to Purchase a Home?
Get Approved Now!

biz.yahoo.com
December 2, 2005

Sunoco Logistics Partners L.P. (NYSE: SXL - News) announced today that it has amended its five-year Revolving Credit Agreement, increasing it by $50 million to $300 million, and extending the maturity to November 2010.

"We appreciate the strong support from our relationship banks in recognizing Sunoco Logistics' financial strength and capacity to execute our strategic plans," said Colin A. Oerton, Vice President and Chief Financial Officer.

Citigroup Global Markets Inc. and Barclays Capital served as Joint Lead Arrangers and Bookrunners. Citibank, N.A. is the Administrative Agent and Barclays Bank PLC is the Syndication Agent. The Co-Documentation Agents are Keybank N.A., Sun Trust Bank and Wachovia Bank, N.A.

Sunoco Logistics Partners L.P. (NYSE: SXL - News), headquartered in Philadelphia, is a master limited partnership formed to acquire, own and operate refined product and crude oil pipelines and terminal facilities, including those of Sunoco, Inc. The Eastern Pipeline System consists of approximately 1,900 miles of primarily refined product pipelines and interests in four refined products pipelines, consisting of a 9.4 percent interest in Explorer Pipeline Company, a 31.5 percent interest in Wolverine Pipe Line Company, a 12.3 percent interest in West Shore Pipe Line Company and a 14.0 percent interest in Yellowstone Pipe Line Company. The Terminal Facilities consist of 8.9 million barrels of refined product terminal capacity and 19.4 million barrels of crude oil terminal capacity (including 12.5 million barrels of capacity at the Texas Gulf Coast Nederland Terminal). The Western Pipeline System consists of approximately 2,640 miles of crude oil pipelines, located principally in Oklahoma and Texas, and a 43.8 percent interesting the West Texas Gulf Pipe Line Company.

What are people saying about mortgages today:

Rates on 30-year mortgages edged down last week to a seven-month low. Mortgage-giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages fell to 6.3 percent, down slightly from 6.31 percent two weeks ago. It put rates at the lowest level since they were at 6.24 percent the first week of March.

Bank of Hawaii, Central Pacific Bank, Territorial Savings Bank and Wells Fargo Home Mortgages all cut their 30-year mortgage rates to 5.75 percent this week.

Most people think of a mortgage as a means to an end. After all, you buy a house, not a home loan. But a mortgage is much more than the path to homeownership. It is a financial instrument that must be managed, just like any other financial investment.