Valero Energy Partners LP Announces Pricing of Notes Offering
December 02 2016 - 5:19PM
Valero Energy Partners LP (NYSE:VLP) (the “Partnership”) today
announced that it has priced a public offering of $500,000,000
aggregate principal amount of 4.375% senior notes due 2026. The
offering is expected to close on December 9, 2016, subject to
customary closing conditions. The Partnership intends to use the
net proceeds from the offering for general partnership purposes,
which may include, among other things, paying or refinancing all or
a portion of its indebtedness outstanding under its senior
unsecured revolving credit facility and funding working capital,
capital expenditures or acquisitions.
J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner &
Smith Incorporated, Morgan Stanley & Co. LLC, Credit Suisse
Securities (USA) LLC, PNC Capital Markets LLC, SMBC Nikko
Securities America, Inc., SunTrust Robinson Humphrey, Inc. and U.S.
Bancorp Investments, Inc. acted as joint book-running managers for
the notes offering.
The notes were offered and sold pursuant to an effective shelf
registration statement that was previously filed with the
Securities and Exchange Commission (the “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, copies of the 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 1-212-834-4533, by mail at 383 Madison Avenue, New
York, New York 10179, Attention: Investment Grade Syndicate Desk,
3rd Floor; Merrill Lynch, Pierce, Fenner & Smith Incorporated
by phone at 1-800-294-1322, by mail at 200 North College Street,
NC1-004-03-43, Charlotte, North Carolina 28255-0001, Attention:
Prospectus Department, or by email at
dg.prospectus_requests@baml.com; and Morgan Stanley & Co. LLC
by phone at 1-800-624-1808 or 212-761-1057, by mail at 180 Varick
Street, New York, New York 10014, or by email at
prospectus@morganstanley.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 10 of Valero’s
refineries.
Contacts
Investors:
John Locke, Vice President – Investor Relations, 210-345-3077
Karen Ngo, Manager – Investor Relations, 210-345-4574
Media:
Lillian Riojas, Director – Media Relations and Communications, 210-345-5002
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