Summary
Valero Energy Corporation (VLO) announced the successful closing of a public offering of senior notes, raising a total of $1.45 billion. This offering comprises $500 million in 2.800% Senior Notes due 2031 and $950 million in 3.650% Senior Notes due 2051. These notes were issued under an existing indenture and were registered with the SEC under a Form S-3 registration statement. The primary purpose of this filing is to disclose the material definitive agreement related to this debt issuance. The proceeds from this offering will be used by Valero for general corporate purposes, although specific use cases are not detailed in this particular filing. This move represents a significant capital raise for the company through the debt markets.
Key Highlights
- 1Valero Energy Corp. closed a public offering of $1.45 billion in aggregate principal amount of senior notes.
- 2The offering includes $500 million of 2.800% Senior Notes due 2031.
- 3The offering also includes $950 million of 3.650% Senior Notes due 2051.
- 4The notes were issued under an existing Indenture dated March 10, 2015.
- 5The offering was registered under the Securities Act of 1933 via a Form S-3 registration statement.
- 6This filing is primarily an Item 1.01 (Material Definitive Agreement) and Item 2.03 (Creation of Direct Financial Obligation) event.
- 7No specific use of proceeds is detailed within this 8-K filing, beyond general corporate purposes.
Frequently Asked Questions
Valero Energy raised a total of $1.45 billion through the public offering of its senior notes.
Valero issued $500 million of 2.800% Senior Notes due 2031 and $950 million of 3.650% Senior Notes due 2051.
This filing indicates the debt issuance is for general corporate purposes. Specific allocation of funds is not detailed in this 8-K report.
This filing confirms the closing of a public offering of senior notes, which is a material definitive agreement. The notes were issued under an existing indenture dated March 10, 2015.