Valero Energy Continues to Reduce Debt Through Previously Announced Tender Offers
September 26 2022 - 4:32PM
Business Wire
Valero Energy Corporation (NYSE: VLO, “Valero”) reduced its debt
by approximately $1.25 billion in September through its previously
announced tender offers for various series of Valero’s senior
notes, which Valero funded with cash on hand. This transaction,
combined with debt reduction and refinancing transactions completed
in the second half of 2021 and the first half of 2022, collectively
reduced Valero’s debt by approximately $3.6 billion.
About Valero
Valero Energy Corporation, through its subsidiaries
(collectively, “Valero”), is an international manufacturer and
marketer of petroleum-based and low-carbon liquid transportation
fuels and petrochemical products, and sells its products primarily
in the United States (“U.S.”), Canada, the United Kingdom (“U.K.”),
Ireland and Latin America. Valero owns 15 petroleum refineries
located in the U.S., Canada and the U.K. with a combined throughput
capacity of approximately 3.2 million barrels per day. Valero is a
joint venture member in Diamond Green Diesel Holdings LLC, which
owns a renewable diesel plant in Norco, Louisiana with a production
capacity of 700 million gallons per year, and Valero owns 12
ethanol plants located in the Mid-Continent region of the U.S. with
a combined production capacity of approximately 1.6 billion gallons
per year. Valero manages its operations through its Refining,
Renewable Diesel, and Ethanol segments. Please visit
www.investorvalero.com for more information.
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version on businesswire.com: https://www.businesswire.com/news/home/20220926005797/en/
Investors: Homer Bhullar, Vice President – Investor Relations
and Finance, 210-345-1982 Eric Herbort, Director – Investor
Relations, 210-345-3331 Gautam Srivastava, Senior Manager –
Investor Relations, 210-345-3992
Media: Lillian Riojas, Executive Director – Media Relations and
Communications, 210-345-5002
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