Summary
Valero Energy Corporation (VLO) announced the successful closing of its public offering of $750 million in aggregate principal amount of 4.350% Senior Notes due 2028. This debt issuance, which closed on June 1, 2018, was registered under the Securities Act of 1933 and was conducted through a prospectus dated May 17, 2018. The issuance of these senior notes provides Valero with additional capital, likely for general corporate purposes, debt refinancing, or strategic investments, further strengthening its financial position.
Key Highlights
- 1Valero Energy Corporation closed a public offering of $750 million in 4.350% Senior Notes due 2028.
- 2The offering was completed on June 1, 2018.
- 3The Senior Notes bear an interest rate of 4.350% per annum.
- 4The issuance was registered under the Securities Act of 1933.
- 5The offering was made pursuant to a prospectus dated May 17, 2018.
- 6The company's Senior Vice President and General Counsel, Jay D. Browning, signed the report.
Frequently Asked Questions
This 8-K filing primarily serves to announce the closing of Valero Energy Corporation's public offering of $750 million in 4.350% Senior Notes due 2028.
These notes represent a debt issuance by Valero, indicating the company raised $750 million by borrowing at an annual interest rate of 4.350%, with the principal due in 2028. This issuance likely provides the company with capital for various corporate activities.
Further details regarding the Indenture, the terms of the Notes, and the form of the Notes are available as exhibits filed with this report and incorporated by reference into Valero's Form S-3 registration statement.