Tesoro (TSO -5.3%) amends a credit pact to allow for as much as $4B in borrowings under a...

|About: Tesoro Corporation (TSO)|By:, SA News Editor

Tesoro (TSO -5.3%) amends a credit pact to allow for as much as $4B in borrowings under a revolver that has a current capacity of $1.85B. Its Tesoro Logistics (TLLP -2.2%) subsidiary also boosts a credit line to $500M from $300M, with the ability to increase borrowings to $650M. Howard Weil cuts TSO shares, along with Phillips 66 (PSX -3.2%), Valero (VLO -2.9%) and other refiners.