SAN ANTONIO, March 10, 2015 /PRNewswire/ -- Valero Energy
Corporation (NYSE: VLO) announced today that it has priced a public
offering of $600 million aggregate principal amount of 3.65%
senior notes due 2025 and $650
million aggregate principal amount of 4.90% senior notes due
2045. The offering is expected to close on March 13, 2015, subject to customary closing
conditions. Valero intends to use the net proceeds from the
offering for general corporate purposes.
Citigroup Global Markets Inc., Barclays Capital Inc., Mitsubishi
UFJ Securities (USA), Inc., Wells
Fargo Securities, LLC, BNP Paribas Securities Corp., Credit Suisse
Securities (USA) LLC, J.P. Morgan
Securities LLC and Mizuho Securities USA Inc. acted as joint book-running managers
for the 2025 notes. Citigroup Global Markets Inc., Barclays
Capital Inc., Mitsubishi UFJ Securities (USA), Inc., Wells Fargo Securities, LLC, J.P.
Morgan Securities LLC, Mizuho Securities USA Inc., Morgan Stanley & Co. LLC and RBC
Capital Markets, LLC acted as joint book-running managers for the
2045 notes.
Copies of the prospectus supplement and accompanying base
prospectus relating to the offering may be obtained from Citigroup
Global Markets Inc. at 1-800-831-9146; Barclays Capital Inc. at
1-888-603-5847; Mitsubishi UFJ Securities (USA), Inc. at 1-877-649-6848; and Wells Fargo
Securities, LLC at 1-800-645-3751, and online at www.sec.gov.
About Valero
Valero Energy Corporation, through its subsidiaries, is an
international manufacturer and marketer of transportation fuels,
other petrochemical products and power. Valero subsidiaries employ
approximately 10,000 people, and assets include 15 petroleum
refineries with a combined throughput capacity of approximately 2.9
million barrels per day, 11 ethanol plants with a combined
production capacity of 1.3 billion gallons per year, a 50-megawatt
wind farm, and renewable diesel production from a joint venture.
Through subsidiaries, Valero owns the general partner of Valero
Energy Partners LP (NYSE: VLP), a midstream master limited
partnership. Approximately 7,400 outlets carry the Valero,
Diamond Shamrock, Shamrock, and Beacon brands in the United States and the Caribbean; Ultramar in Canada; and Texaco in the United Kingdom and Ireland. Valero is a
Fortune 500 company based in San
Antonio. Please visit www.valero.com for more
information.
The notes were offered and sold pursuant to an effective shelf
registration statement on Form S-3 previously filed with the
Securities and Exchange Commission, and only by means of a
prospectus supplement and accompanying base prospectus. This news
release does not constitute an offer to sell or a solicitation of
an offer to buy the securities described herein, nor shall there be
any sale of these 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.
Contacts
Investors:
John Locke, Executive Director –
Investor Relations, 210-345-3077
Karen Ngo, Manager – Investor
Relations, 210-345-4574
Media:
Bill Day, Vice President –
Communications, 210-345-2928
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SOURCE Valero Energy Corporation