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Valero Energy to sell 10-year senior notes via eight bookrunners
By Devika Patel
Knoxville, Tenn., March 26 – Valero Energy Partners LP expects to price senior notes due 2028, according to a 424B5 filed with the Securities and Exchange Commission.
The notes feature a make-whole call until three months prior to maturity and then are callable at par.
Barclays, Credit Suisse Securities (USA) LLC, Mizuho Securities USA Inc., MUFG, BofA Merrill Lynch, Citigroup Global Markets Inc., SMBC Nikko and SunTrust Robinson Humphrey Inc. are the bookrunners.
Proceeds will be used for general partnership purposes, including paying or refinancing all or a portion of the company’s debt under its revolving credit facility and for working capital, capital expenditures or acquisitions.
San Antonio-based Valero is an oil refinery owner and operator.
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