Valero Energy Partners to conduct sale of fixed-rate notes due 2026

By Devika Patel

Knoxville, Tenn., Dec. 2 – Valero Energy Partners LP intends to price an offering of fixed-rate notes due 2026, according to a 424B5 filed with the Securities and Exchange Commission.

The notes (//BBB-) have a make-whole call until three months prior to maturity and a par call after that.

BofA Merrill Lynch, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, PNC Capital Markets LLC, SMBC Nikko, SunTrust Robinson Humphrey Inc. and U.S. Bancorp Investments Inc. are the bookrunners.

Proceeds will be used for general partnership purposes.

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

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