secwatch.observer — SEC 8-K summary
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Issuer:     VALERO ENERGY CORP/TX (VLO)
CIK:        0001035002
Form:       8-K
Filed at:   2022-11-22T23:59:59+00:00
Accession:  0001193125-22-291119
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Valero extends $4B credit facility to Nov 2027, adds $1.5B accordion
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- New $4B revolving credit facility matures Nov 22, 2027, extending from Mar 2024 maturity.
- Facility allows up to $5.5B total commitments through $1.5B accordion feature.
- Borrowings at SOFR +0.90%-1.45% or base rate +0.00%-0.45%, based on credit ratings.
- Amends and restates March 2019 credit agreement; proceeds for general corporate purposes.
- No earnings, dividends, or other material events reported in this filing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035002/000119312522291119/0001193125-22-291119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035002/000119312522291119/d396276d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-291119

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