Valero Energy Corporation Announces Pricing of Notes Offering
September 07 2016 - 5:30PM
Valero Energy Corporation (NYSE:VLO) announced today that it has
priced a public offering of $1,250,000,000 aggregate principal
amount of 3.400% senior notes due 2026. The offering is expected to
close on September 12, 2016, subject to customary closing
conditions. Valero intends to use the net proceeds from the
offering for general corporate purposes, including the funding of
the redemption of $750 million aggregate principal amount of its
6.125% Senior Notes due 2017 and $200 million aggregate principal
amount of its 7.2% Senior Notes due 2017.
Citigroup Global Markets Inc., Barclays Capital
Inc., Mizuho Securities USA Inc., RBC Capital Markets, LLC, J.P.
Morgan Securities LLC, Morgan Stanley & Co. LLC, MUFG
Securities Americas Inc. and Wells Fargo Securities, LLC acted as
joint book-running managers for the notes.
Copies of the prospectus supplement and
accompanying base prospectus relating to the offering may be
obtained from Citigroup Global Markets Inc. at 1-800-831-9146;
Barclays Capital Inc. at 1-888-603-5847; Mizuho Securities USA Inc.
at 1-866-271-7403; and RBC Capital Markets, LLC at 1-866-375-6829,
and online at www.sec.gov.
About Valero
Valero Energy Corporation, through its
subsidiaries, is an international manufacturer and marketer of
transportation fuels, other petrochemical products and power.
Valero subsidiaries employ approximately 10,000 people, and its
assets include 15 petroleum refineries with a combined throughput
capacity of approximately 3.0 million barrels per day, 11 ethanol
plants with a combined production capacity of 1.4 billion gallons
per year, a 50-megawatt wind farm, and renewable diesel production
from a joint venture. Through subsidiaries, Valero owns the general
partner of Valero Energy Partners LP (NYSE:VLP), a midstream master
limited partnership. Approximately 7,500 outlets carry the Valero,
Diamond Shamrock, Shamrock, and Beacon brands in the United States
and the Caribbean; Ultramar in Canada; and Texaco in the United
Kingdom and Ireland. Valero is a Fortune 500 company based in San
Antonio.
The notes were offered and sold pursuant to an
effective shelf registration statement on Form S-3 previously filed
with the Securities and Exchange Commission, and only by means of a
prospectus supplement and accompanying base prospectus. This news
release does not constitute an offer to sell or a solicitation of
an offer to buy the securities described herein, nor shall there be
any sale of these securities in any state or jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
Valero Contacts
Investors: John Locke, Vice President –
Investor Relations, 1-210-345-3077
Karen Ngo, Manager – Investor Relations,
1-210-345-4574
Media: Lillian Riojas, Director – Media
Relations and Communications, 1-210-345-5002
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