secwatch / observer
8-K filed November 22, 2022, 6:59 PM ET ticker VLO CIK 0001035002
debt confidence high sentiment neutral materiality 0.30

VALERO ENERGY CORP/TX (VLO): debt financing — Valero extends $4B credit facility to Nov 2027, adds $1.5B accordion

VALERO ENERGY CORP/TX

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

VALERO ENERGY CORP/TX amended revolving credit of up to $4,000,000,000 with JPMorgan Chase Bank, N.A. as Administrative Agent and the several lenders party thereto at Adjusted Term SOFR Rate plus a margin ranging from 0.9% to 1.45% per annum, or A maturing November 22, 2027.

Instrument
revolving credit
Principal
up to $4,000,000,000
Counterparty
JPMorgan Chase Bank, N.A. as Administrative Agent and the several lenders party thereto
Rate
Adjusted Term SOFR Rate plus a margin ranging from 0.9% to 1.45% per annum, or A
Maturity
November 22, 2027
Event
amendment
Exact text from the filing
Bank, N.A. as Administrative Agent and the several lenders party thereto. The Credit Facility provides for a revolving credit facility in an aggregate principal amount of up to $4,000,000,000 with a letter of credit subfacility of up to $2,400,000,000. Revolving commitments under the Credit Facility may be increased by up to $1,500,000,000 for a total revolving
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

VALERO ENERGY CORP/TX amended Credit Facility with JPMorgan Chase Bank, N.A. as Administrative Agent and the several lenders party thereto valued at $4,000,000,000 (effective 2022-11-22).

Action
amendment
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A. as Administrative Agent and the several lenders party thereto
Value
$4,000,000,000
Effective
2022-11-22
Exact text from the filing
On November 22, 2022, Valero Energy Corporation (the “Company”) amended and restated its existing revolving credit agreement dated as of March 19, 2019 to, among other things, extend the maturity from March 19, 2024 to November 22, 2027.
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VALERO ENERGY CORP/TX filing history →

Source: SEC EDGAR
accession 0001193125-22-291119
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