VALERO ENERGY CORP/TX (VLO): debt financing — Valero amends credit facility, extends maturity to Oct 2030

VALERO ENERGY CORP/TX

Amended and restated $4.0B revolving credit facility; can be increased to $5.5B.
Maturity extended from Nov 2027 to Oct 2030; interest based on SOFR plus 0.9%-1.5% margin.
Letter of credit subfacility of up to $2.4B; proceeds for general corporate purposes.
Commitment fee ranges from 0.1% to 0.25% per annum based on credit ratings.

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 $4,000,000,000 with JPMorgan Chase Bank, N.A. as Administrative Agent at Term SOFR Rate plus 0.9% to 1.5% per annum, or Alternate Base Rate plus 0.0% to maturing October 16, 2030.

Instrument: revolving credit
Principal: $4,000,000,000
Counterparty: JPMorgan Chase Bank, N.A. as Administrative Agent
Rate: Term SOFR Rate plus 0.9% to 1.5% per annum, or Alternate Base Rate plus 0.0% to
Maturity: October 16, 2030
Event: amendment

Exact text from the filing

Administrative Agent and the other financial institutions 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

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VALERO ENERGY CORP/TX filing history →

Source: SEC EDGAR

accession 0001193125-25-241519

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