LOS ANGELES - Bank of America has arranged a $400 million three-year secured revolving credit facility for Clark Refining & Marketing Inc., a unit of Toronto-based Horsham Corp.

Toronto Dominion Bank and Bankers Trust were co-arrangers. The financing will be used primarily for posting letters of credit to support crude-oil purchases in connection with Clark's purchase of Chevron U.S.A. Products Co.'s Port Arthur prime fuels refinery in Texas.

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