Summary
Valero Energy Corporation (VLO) announced the entry into a material definitive agreement on March 5, 2026, related to the issuance and sale of $850 million in aggregate principal amount of 5.150% Senior Notes due 2036. These notes are being offered under a shelf registration statement previously filed with the SEC, utilizing a prospectus supplement to provide specific terms of this offering. This move indicates Valero's strategy to secure long-term debt financing, likely to support ongoing operations, capital expenditures, or other strategic initiatives. Investors should note that the offering is expected to close on March 10, 2026. The filing provides details on the underwriting syndicate, which includes prominent financial institutions such as SMBC Nikko Securities America, Inc., Citigroup Global Markets Inc., MUFG Securities Americas Inc., and Wells Fargo Securities, LLC. While this report details the agreement, it explicitly states it is not an offer to sell or a solicitation of an offer to buy securities, and such offers will be made only through a prospectus meeting the requirements of Section 10 of the Securities Act.
Key Highlights
- 1Valero Energy Corp. entered into an underwriting agreement to issue $850 million in 5.150% Senior Notes due 2036.
- 2The offering is being made under a previously filed registration statement on Form S-3.
- 3The notes are being sold pursuant to a prospectus supplement dated March 5, 2026.
- 4The issuance and sale of the notes are scheduled to close on March 10, 2026.
- 5Key underwriters for the offering include SMBC Nikko Securities America, Inc., Citigroup Global Markets Inc., MUFG Securities Americas Inc., and Wells Fargo Securities, LLC.
- 6The filing includes various exhibits detailing the underwriting agreement, the indenture, and the terms and form of the notes.