Valero Energy plans to price an offering of senior notes due 2026

By Devika Patel

Knoxville, Tenn., Sept. 7 – Valero Energy Corp. is marketing 10-year senior notes, according to a 424B2 filing with the Securities and Exchange Commission on Wednesday.

The notes will be redeemable at any time, initially with a make-whole premium and then at par starting three months before maturity.

Citigroup Global Markets Inc., Barclays, Mizuho Securities USA Inc., RBC Capital Markets Corp., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, MUFG and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used for general corporate purposes, including to fund the redemption of $750 million of 6.125% senior notes due 2017 and $200 million of 7.2% senior notes due 2017.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.