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Valero Energy Corporation Announces Pricing of Notes Offering
Businesswire· 2026-03-05 22:42
Core Viewpoint - Valero Energy Corporation has priced a public offering of $850 million in 5.150% Senior Notes due 2036, with the offering expected to close on March 10, 2026, subject to customary closing conditions [1]. Group 1: Notes Offering Details - The offering consists of $850,000,000 aggregate principal amount of 5.150% Senior Notes due 2036 [1]. - Proceeds from the offering will be used for general corporate purposes, including the repayment and redemption of existing debt [1]. - The offering is managed by SMBC Nikko Securities America, Citigroup Global Markets, MUFG Securities Americas, and Wells Fargo Securities [1]. Group 2: Company Overview - Valero Energy Corporation is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products [1]. - The company operates 15 petroleum refineries with a combined throughput capacity of approximately 3.2 million barrels per day [1]. - Valero is involved in producing low-carbon fuels through its joint venture in Diamond Green Diesel Holdings LLC, with a production capacity of about 1.2 billion gallons per year [1].