AI English summary of an SEC filing — figures as filed
Valero Energy VLOOn October 16, 2025, Valero Energy amended and restated its existing revolving credit agreement dated November 22, 2022 to extend the maturity from November 22, 2027 to October 16, 2030. JPMorgan Chase Bank, N.A. serves as Administrative Agent.
Key points
AI summaryOn October 16, 2025, Valero Energy amended and restated its existing revolving credit agreement dated November 22, 2022 to extend the maturity from November 22, 2027 to October 16, 2030. JPMorgan Chase Bank, N.A. serves as Administrative Agent.
The company said 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 may be increased by up to $1,500,000,000 for a total revolving commitment of $5,500,000,000.
The company said borrowings under the Credit Facility bear interest, at the company's election, at either the Term SOFR Rate plus a margin ranging from 0.9% to 1.5% per annum or the Alternate Base Rate plus a margin ranging from 0.0% to 0.5% per annum, and the commitment fee ranges from 0.1% to 0.25% per annum. All rates are based upon the company's ratings from S&P, Moody's and Fitch.
The company said interest and commitment fees are payable quarterly in arrears, or shorter if the interest period elected by the company is shorter than 3 months, and the company also pays customary letter of credit participation and fronting fees to the lenders and a customary agency fee to the Administrative Agent. The Credit Facility contains various customary affirmative and negative covenants and events of default, and proceeds will be used for general corporate purposes.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Amended and Restated Revolving Credit Agreement with Maturity Extended to October 16, 2030
On October 16, 2025, Valero Energy amended and restated its existing revolving credit agreement dated November 22, 2022 to extend the maturity from November 22, 2027 to October 16, 2030. JPMorgan Chase Bank, N.A. serves as Administrative Agent.
Source · Based on the filing body and exhibits
Revolving Commitment of $4,000,000,000, Letter of Credit Subfacility of $2,400,000,000
The company said 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 may be increased by up to $1,500,000,000 for a total revolving commitment of $5,500,000,000.
Source · Based on the filing body and exhibits
Borrowing Rate Margins and Commitment Fee Rate
The company said borrowings under the Credit Facility bear interest, at the company's election, at either the Term SOFR Rate plus a margin ranging from 0.9% to 1.5% per annum or the Alternate Base Rate plus a margin ranging from 0.0% to 0.5% per annum, and the commitment fee ranges from 0.1% to 0.25% per annum. All rates are based upon the company's ratings from S&P, Moody's and Fitch.
Source · Based on the filing body and exhibits
Interest and Fee Payment Terms, Covenants and Use of Proceeds
The company said interest and commitment fees are payable quarterly in arrears, or shorter if the interest period elected by the company is shorter than 3 months, and the company also pays customary letter of credit participation and fronting fees to the lenders and a customary agency fee to the Administrative Agent. The Credit Facility contains various customary affirmative and negative covenants and events of default, and proceeds will be used for general corporate purposes.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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