Valero Credit Agreement

For wedding-related name changes, please send a copy of your marriage certificate to Valero. If you have had a name change following a divorce, please provide Valero with a copy of the final divorce decree, including any transaction agreement and other relevant documents. 31 Valero had $2.7 billion in payment and equivalents and $3.95 billion for a valero unsecured refinancing facility of $4.05 billion and $109 million for a $150 million unsecured revolving credit facility maturing in March 2024 and November 2019 respectively. In addition, at the end of March, $1.2 billion was available for the $1.3 billion debt capacity for the company`s debt credit facility maturing in July 2019. We consider Valero`s liquidity to be excellent relative to short-term bond maturities. As of March 31, the company announced long-term debt of $9.1 billion and short-term debt of $1.1 billion. The next significant maturity of long-term debt is $850 million, maturing in 2020. The remaining maturities for the leading bonds are spread between 2025 and 2045, with the company`s $300 million of bonds maturing in 2040. Please provide Valero (1) with a copy of the trust or partnership agreement; (2) a copy of the registered document that transmits mineral interests to the trust or partnership; and (3) the tax identifier of the trust or partnership. Borrowing under the credit facility is paid at Valero`s discretion at the base rate or at the eurodollar, plus an additional percentage that is subordinated to the entity depending on the type of rate.

The Company and its subsidiaries use the proceeds of the credit facility for working capital purposes. Our BBB rating from Valero Energy, the world`s largest independent oil refinery, is based on its competitive advantages, large size and throughput capacity, including 15 operating refineries, 8 of which are located on the U.S. Gulf Coast, low debt and leverage, and low debt/complexity capacity, leading to a narrow economic rating, as the morningstar Equity Research Group has assigned. In addition to refinery refineries and premium wholesale stores, Valero operates 14 U.S. ethanol plants and has Midstream facilities, all integrated into its refineries. These attributes help to compensate for a high product concentration and high cycosity, which leads to a moderate commercial risk score. Valero has improved its portfolio in recent years by selling two East Coast refineries and pipeline asset shares and redeploying products to purchase two high-level refineries in the United Kingdom and the Gulf Coast capable of serving export markets. In addition, the company continues to monitor investments in logistics facilities, including pipelines and terminals, to increase export and wholesale volumes to Mexico and Peru. Valero has excellent credit ratios with a gross leverage of 1.8 times and net leverage of 1.3 times at the end of the March quarter.


Likebox Slider Pro for WordPress