Item 1.01 Entry into a Material Definitive Agreement.

On April 13, 2020, Valero Energy Corporation (the "Company") entered into the $875,000,000 364-Day Credit Agreement (the "Credit Facility"), dated as of April 13, 2020, among the Company, JPMorgan Chase 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 $875,000,000. The Credit Facility matures 364 days from April 13, 2020.

Borrowings under the Credit Facility bear interest at the base rate or the eurodollar rate, at the Company's election, plus an applicable rate ranging from 0.150% to 0.700% (in the case of base rate borrowings) and 1.150% to 1.700% (in the case of eurodollar borrowings), in each case based upon the Company's ratings from Moody's and S&P.

The Credit Facility requires the Company to pay a commitment fee accruing on the daily amount of used and unused commitments of the lenders at a rate ranging from 0.350% and 0.550% per annum, based upon the Company's ratings from Moody's and S&P.

Interest and commitment fees under the Credit Facility are payable quarterly in arrears (or shorter, if the interest period elected by the Company is shorter than 3 months). In addition to the commitment fee, the Credit Facility also requires the Company to pay a customary agency fee to the Administrative Agent.

The Credit Facility contains various customary affirmative and negative covenants and events of default. Proceeds under the Credit Facility will be used for working capital purposes of the Company and its subsidiaries.

The foregoing description is not complete and is qualified in its entirety by reference to the Credit Facility which is filed herewith as Exhibit 10.1 and incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an

Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 regarding the Credit Facility is incorporated by reference into this Item 2.03.

Item 9.01 Financial Statements and Exhibits.




(d) Exhibits


 Exhibit
   No.                                       Description

   10.1            $875,000,000 364-Day Revolving Credit Agreement, dated as of
                 April 13, 2020, among Valero Energy Corporation, as Borrower;
                 JPMorgan Chase Bank, N.A., as Administrative Agent; and the lenders
                 named therein.

   104           The cover page from the Company's Current Report on Form 8-K,
                 formatted in Inline XBRL.

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