Valero Energy Partners LP Announces Pricing of Notes Offering

SAN ANTONIO, March 26, 2018 (GLOBE NEWSWIRE) -- Valero Energy Partners LP (NYSE:VLP) (the “Partnership”) today announced that it has priced a public offering of $500,000,000 aggregate principal amount of 4.500% senior notes due 2028. The offering is expected to close on March 29, 2018, subject to customary closing conditions. The Partnership intends to use the net proceeds from the offering for general partnership purposes, which may include, among other things, paying or refinancing all or a portion of its indebtedness outstanding under its senior unsecured revolving credit facility and funding working capital, capital expenditures or acquisitions.

Barclays Capital Inc., Credit Suisse Securities (USA) LLC, Mizuho Securities USA LLC, MUFG Securities Americas Inc., Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, SMBC Nikko Securities America, Inc. and SunTrust Robinson Humphrey, Inc. acted as joint book-running managers for the notes offering.

The notes were offered and sold pursuant to an effective shelf registration statement that was previously filed with the Securities and Exchange Commission (the “SEC”). This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. The offering is being made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

When available, copies of the prospectus supplement and accompanying base prospectus relating to the offering may be obtained for free by visiting EDGAR on the SEC website at www.sec.gov or by sending a request to Barclays Capital Inc. c/o Broadridge Financial Solutions by phone at (888) 603-5847, by mail at 1155 Long Island Avenue, Edgewood, NY 11717, or by email at Barclaysprospectus@broadridge.com; Credit Suisse Securities (USA) LLC by phone at 1-(800) 221-1037, or by mail at Eleven Madison Avenue 602 2nd Avenue, New York, NY 10010, Attention: Prospectus Department; Mizuho Securities USA LLC by phone at (866) 271-7403, or by mail at 320 Park Avenue, 12th Floor, New York, NY 10022, Attn: Debt Capital Markets; or MUFG Securities Americas Inc. by phone at (877) 649-6848, by mail at 1221 Avenue of the Americas, 6th Floor, New York, NY 10020, Attention: Capital Markets Group.

About Valero Energy Partners LP
Valero Energy Partners LP is a fee-based master limited partnership formed by Valero Energy Corporation to own, operate, develop and acquire crude oil and refined petroleum products pipelines, terminals and other transportation and logistics assets. With headquarters in San Antonio, the Partnership’s assets include crude oil and refined petroleum products pipeline and terminal systems in the Gulf Coast and Mid-Continent regions of the United States that are integral to the operations of 10 of Valero’s refineries.

Contacts
Investors:
John Locke, Vice President – Investor Relations, 210-345-3077
Karen Ngo, Senior Manager – Investor Relations, 210-345-4574
Tom Mahrer, Manager – Investor Relations, 210-345-1953

Media:
Lillian Riojas, Director – Media Relations and Communications, 210-345-5002

Source:Valero Energy Partners LP