Western Refining Logistics increased its revolving credit facility by $200 million to total of $500 million.

Wells Fargo Securities, SunTrust Robinson Humphrey and Crédit Agricole acted as joint lead arrangers.

The company also entered into an agreement to acquire $210 million worth of logistics assets from Northern Tier Energy and Western Refining subsidiary St. Paul Park Refining. The companyh intends to fund the acquisition with revolver borrowings and proceeds from a public equity offering.

“The increase in the WNRL revolver, in conjunction with the equity offering that will partially fund the asset acquisition, provides WNRL with significant liquidity and financial flexibility. We are well positioned to continue to execute WNRL’s growth strategy,” Western Refining Logistics CEO Jeff Stevens said.

El Paso-based Western Refining Logistics owns, operates, develops and acquires terminals, storage tanks, pipelines and other logistics assets related to the oil industry.