Valero Energy Partners LP Announces Pricing of Notes Offering
March 26 2018 - 5:51PM
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 4.500% senior notes due 2028.
The offering is expected to close on March 29, 2018, 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.
Barclays Capital Inc., Credit Suisse Securities
(USA) LLC, Mizuho Securities USA LLC, MUFG Securities Americas
Inc., Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner
& Smith Incorporated, SMBC Nikko Securities America, Inc. and
SunTrust Robinson Humphrey, 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 Barclays Capital
Inc. c/o Broadridge Financial Solutions by phone at (888) 603-5847,
by mail at 1155 Long Island Avenue, Edgewood,
NY 11717, or by email at
Barclaysprospectus@broadridge.com; Credit Suisse Securities (USA)
LLC by phone at 1-(800) 221-1037, or by mail at Eleven Madison
Avenue 602 2nd Avenue, New York, NY 10010, Attention: Prospectus
Department; Mizuho Securities USA LLC by phone at (866) 271-7403,
or by mail at 320 Park Avenue, 12th Floor, New York, NY 10022,
Attn: Debt Capital Markets; or MUFG Securities Americas Inc. by
phone at (877) 649-6848, by mail at 1221 Avenue of
the Americas, 6th Floor, New York, NY 10020, Attention:
Capital Markets Group.
About Valero Energy Partners
LPValero 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 petroleum 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.
ContactsInvestors:John Locke,
Vice President – Investor Relations, 210-345-3077Karen Ngo, Senior
Manager – Investor Relations, 210-345-4574Tom Mahrer, Manager –
Investor Relations, 210-345-1953
Media: Lillian Riojas, Director – Media
Relations and Communications, 210-345-5002
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