Bracewell Represents Phillips 66 Company in a $5 Billion Revolving Credit Agreement

HOUSTON – Bracewell LLP represented Phillips 66 Company, as borrower, in a $5 billion revolving credit agreement with Mizuho Bank, Ltd. as administrative agent. The credit agreement is guaranteed by Phillips 66 and replaces the $5 billion amended and restated credit agreement dated as of July 30, 2019, with Phillips 66 as the borrower and Phillips 66 Company as guarantor. In connection with the entry into the new credit agreement, the previous credit agreement, as well as the $750 million amended and restated credit agreement dated as of July 30, 2019, with Phillips 66 Partners LP as the borrower and Phillips 66 Partners Holdings LLC as guarantor, have been terminated. Bracewell also represented the borrowers and guarantors in the previous credit facilities.

Phillips 66 is a diversified energy manufacturing and logistics company with unique businesses in refining, midstream, chemicals and marketing.

Bracewell lawyers involved in the transactions included:

Partners: Heather L. Brown, Robin J. Miles and Will Anderson

Associate: Kenni E. Callahan