CVR Refining and its subsidiaries amended the company’s ABL credit agreement, allowing for an increase in borrowings of up to $200 million.

According to a related 8-K filing, Wells Fargo Bank served as administrative agent, collateral agent, sole arranger and sole bookrunner.

The amended ABL credit facility is a senior secured asset based revolving credit facility in an aggregate principal amount of up to $400 million with an incremental facility, which permits an increase in borrowings of up to $200 million in the aggregate subject to additional lender commitments and certain other conditions. The proceeds of the loans may be used for capital expenditures and working capital and general corporate purposes.

The amended ABL facility provides for loans and letters of credit in an amount up to the aggregate availability under the facility, subject to meeting certain borrowing base conditions, with sub-limits of $40 million for swingline loans and $60 million for letters of credit.

JPMorgan, Credit Suisse and Citibank served as co-syndication agents. Barclays and UBS Securities were co-documentation agents.