SAN ANTONIO, Dec. 16, 2013 /PRNewswire/ -- Valero Energy
Partners LP, a limited partnership formed by Valero Energy
Corporation (NYSE: VLO, "Valero"), announced today that its
previously announced initial public offering of 17,250,000 common
units representing limited partner interests has closed. The
common units issued at closing included 2,250,000 common units
issued pursuant to the underwriters' option to purchase additional
common units, which was exercised in full prior to closing.
The common units are traded on the New York Stock Exchange under
the ticker symbol "VLP."
(Logo:
http://photos.prnewswire.com/prnh/20131202/DA25769LOGO)
As of the closing of this offering, the public owns a 29.4
percent limited partner interest in the Partnership. Valero,
through certain of its subsidiaries, owns the remaining limited
partner interests in the Partnership, as well as the 2 percent
general partner interest.
J.P. Morgan, Barclays, Citigroup, RBC Capital Markets and Wells
Fargo Securities acted as joint book-running managers for the
offering. Mitsubishi UFJ Securities, SunTrust Robinson
Humphrey, Credit Agricole CIB, Credit Suisse, Jefferies, Mizuho
Securities, RBS Securities Inc. and Scotiabank / Howard Weil acted as co-managers.
The offering was made only by means of a prospectus.
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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SOURCE Valero Energy Partners LP