SAN ANTONIO, Dec. 11, 2013 /PRNewswire/ -- Valero Energy
Partners LP, a limited partnership formed by Valero Energy
Corporation (NYSE: VLO, "Valero"), announced the pricing of its
initial public offering of 15,000,000 common units representing
limited partner interests at a price to the public of $23.00 per common unit. The underwriters of
the offering have a 30-day option to purchase up to an additional
2,250,000 common units from Valero Energy Partners. The common
units will begin trading today on the New York Stock Exchange under
the ticker symbol "VLP." The offering is expected to close on or
about December 16, 2013, subject to
customary closing conditions.
(Logo:
http://photos.prnewswire.com/prnh/20131202/DA25769LOGO)
At the closing of this offering, the public will own a 25.5
percent limited partner interest in Valero Energy Partners, or a
29.4 percent limited partner interest if the underwriters exercise
in full their option to purchase additional common units. Valero,
through certain of its subsidiaries, will own the remaining limited
partner interests in Valero Energy Partners, as well as the 2
percent general partner interest.
J.P. Morgan, Barclays, Citigroup, RBC Capital Markets and Wells
Fargo Securities are acting as joint book-running managers for the
offering. Mitsubishi UFJ Securities, SunTrust Robinson
Humphrey, Credit Agricole CIB, Credit Suisse, Jefferies, Mizuho
Securities, RBS and Scotiabank / Howard
Weil are acting as co-managers.
The offering is being made only by means of a prospectus.
When available, copies of the prospectus may be obtained from:
J.P. Morgan
Attn: Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Telephone: (866) 803-9204
Barclays
Attn: Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
barclaysprospectus@broadridge.com
Telephone: (888) 603-5847
Citigroup
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
batprospectusdept@citi.com
Telephone: (800) 831-9146
RBC Capital Markets
Attn: Equity Syndicate
Three World Financial Center
200 Vesey Street, 8th Floor
New York, NY 10281-8098
Telephone: (877) 822-4089
Wells Fargo Securities
Attn: Equity Syndicate Dept.
375 Park Avenue
New York, New York 10152
Email: cmclientsupport@wellsfargo.com
Telephone: (800) 326-5897
A registration statement relating to these securities has been
filed with and declared effective by the U.S. Securities and
Exchange Commission ("SEC"). The prospectus may be obtained
free of charge from the SEC's website at www.sec.gov under the
registrant's name, "Valero Energy Partners LP." This press release
shall not constitute an offer to sell or a solicitation of an offer
to buy these securities, nor shall there be any sales of the
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.
About Valero Energy Partners LP
Valero Energy Partners LP is a fee-based, growth-oriented,
traditional master limited partnership formed by Valero Energy
Corporation to own, operate, develop and acquire crude oil and
refined petroleum products pipelines, terminals and other
transportation and logistics assets. With headquarters in
San Antonio, Valero Energy
Partners' assets include crude oil and refined petroleum products
pipeline and terminal systems in the Gulf Coast and Mid-Continent
regions of the United States that
are integral to the operations of Valero's refinery located in
Port Arthur, Texas, its McKee
refinery located in Sunray, Texas,
and its refinery located in Memphis,
Tennessee.
Contacts
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Investors:
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John Locke,
210-345-3077, john.locke@valero.com
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Ashley Smith,
210-345-2744, ashley.smith@valero.com
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Media:
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Bill Day,
210-345-2928, bill.day@valero.com
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Forward-Looking Statements
This press release may include forward-looking statements.
These forward-looking statements involve risks and uncertainties,
including risks relating to the securities markets generally.
When considering these forward-looking statements, you should keep
in mind the risk factors and other cautionary statements in the
prospectus. Valero Energy Partners LP undertakes no
obligation and does not intend to update these forward-looking
statements to reflect events or circumstances occurring after this
press release. You are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the
date of this press release.
SOURCE Valero Energy Partners LP