Valero Energy Corporation Announces Pricing of Notes Offering

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

SOURCE Valero Energy Corporation

Related Links

http://www.valero.com