Valero Energy to sell dollar-denominated senior notes due 2052

By William Gullotti

Buffalo, N.Y., Feb. 2 – Valero Energy Corp. plans to sell an offering dollar-denominated senior notes due 2052 (//BBB), according to a 424B5 filing with the Securities and Exchange Commission.

The notes will have a make-whole call and a par call.

J.P. Morgan Securities LLC, BofA Securities, Inc., Wells Fargo Securities, LLC, Citigroup Global Markets Inc., MUFG, RBC Capital Markets, LLC, U.S. Bancorp Investments, Inc. and Scotia Capital (USA) Inc. are the joint bookrunning managers and underwriters for the offering.

The proceeds, along with cash on hand, will be used to fund the debt tender.

San Antonio-based Valero is an oil refinery owner and operator.

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