SAN ANTONIO, Nov. 18, 2015 /PRNewswire/ -- Valero Energy
Partners LP (NYSE: VLP, the "Partnership") today announced the
commencement of an underwritten public offering of 4,250,000 common
units representing limited partner interests. In connection with
the offering, the Partnership intends to grant the underwriter a
30-day option to purchase up to an additional 637,500 common units.
The Partnership expects to use the net proceeds from this offering
for general partnership purposes, which may include funding future
acquisitions, investments and other capital expenditures, and
repayment of its outstanding indebtedness.
J.P. Morgan is acting as the sole underwriter for the
offering.
The common units are being offered and will be sold pursuant to
an effective shelf registration statement that was previously filed
with the Securities and Exchange Commission ("SEC"). This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy any securities, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of such state or
jurisdiction. The offering is being made only by means of a
prospectus and related prospectus supplement meeting the
requirements of Section 10 of the Securities Act of 1933, as
amended. When available, a copy of the preliminary prospectus
supplement and accompanying base prospectus relating to the
offering may be obtained for free by visiting EDGAR on the SEC
website at www.sec.gov or by sending a request to J.P. Morgan
Securities LLC by phone at (866) 803-9204, by mail at J.P. Morgan
Securities LLC, via Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, New York
11717, or by email at prospectus-eq_fi@jpmchase.com.
About Valero Energy Partners LP
Valero Energy Partners
LP is a fee-based master limited partnership formed by Valero
Energy Corporation to own, operate, develop, and acquire crude oil
and refined products pipelines, terminals, and other transportation
and logistics assets. With headquarters in San Antonio, the Partnership's 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 nine of Valero's refineries. Please visit
www.valeroenergypartners.com for more information.
Forward-Looking Statements
This release contains
forward-looking statements, within the meaning of federal
securities laws, with respect to the offering of common units and
the use of proceeds therefrom. These forward-looking
statements contain words such as "will," "may," and "expect," are
not guarantees of future performance, and are subject to risks,
uncertainties and other factors, some of which are beyond the
Partnership's control and are difficult to predict. These
statements are often based upon various assumptions, many of which
are based, in turn, upon further assumptions, including examination
of historical operating trends made by the management of the
Partnership. Although the Partnership believes that these
assumptions were reasonable when made, because assumptions are
inherently subject to significant uncertainties and contingencies,
which are difficult or impossible to predict and are beyond its
control, the Partnership cannot give assurance that it will achieve
or accomplish these expectations, beliefs or intentions. When
considering these forward-looking statements, you should keep in
mind the risk factors and other cautionary statements contained in
the Partnership's filings with the SEC, including the Partnership's
annual reports on Form 10-K and quarterly reports on Form 10-Q,
available on the Partnership's website at
www.valeroenergypartners.com. These risks could cause the
Partnership's actual results to differ materially from those
contained in any forward-looking statement.
Contacts
Investors:
John Locke, Vice President –
Investor Relations, 210-345-3077
Karen Ngo, Manager – Investor
Relations, 210-345-4574
Media:
Steve Lee, Manager – Corporate
Communications, 210-345-4137
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SOURCE Valero Energy Partners LP