Valero Energy Corporation (NYSE: VLO) announced today its intention, subject to market and other conditions, to commence a public offering of senior notes. The offering will be made pursuant to the company’s shelf registration statement filed with the Securities and Exchange Commission (“SEC”) on March 12, 2009. Valero intends to use the net proceeds from this offering for general corporate purposes, including the refinancing of debt. Banc of America Securities LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and J.P. Morgan Securities Inc. are the joint book-runners for the senior notes offering.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Copies of the prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, may be obtained from Barclays Capital Inc., c/o Broadridge Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, New York, 11717, barclaysprospectus@broadridge.com, or by telephone at (888) 603-5847, Citigroup Global Markets Inc. at 140 58th Street, Brooklyn, New York 11220, Attn: Prospectus Delivery Dept., or by telephone at (877) 858-5407, J.P. Morgan Securities Inc. at 270 Park Avenue, 8th Floor, New York, New York 10017, Attn: Syndicate Desk, or by telephone at (800) 245-8812, and online at ww.sec.gov.
About Valero:
Valero Energy Corporation is a Fortune 500 company based in San Antonio, Texas. The company owns or operates 15 refineries throughout the United States, Canada and the Caribbean with a combined throughput capacity of approximately 2.8 million barrels per day, making it the largest refiner in North America. Valero is also a leading ethanol producer with nine ethanol plants in the Midwest at a combined capacity of 1 billion gallons per year, and is one of the nation’s largest retail operators with approximately 5,800 retail and branded wholesale outlets in the United States, Canada and the Caribbean under the Valero, Diamond Shamrock, Shamrock, Ultramar, and Beacon brands.
Statements contained in this release that state the company’s or management’s expectations or predictions of the future are forward-looking statements intended to be covered by the safe harbor provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. The words “believe,” “expect,” “should,” “could,” “estimates,” and other similar expressions identify forward-looking statements. It is important to note that actual results could differ materially from those projected in such forward-looking statements. For more information concerning factors that could cause actual results to differ from those expressed or forecasted, see Valero’s annual reports on Form 10-K and quarterly reports on Form 10-Q, filed with the SEC.