Deal Description: On April 14, 2020, Valero Energy Corporation (NYSE: VLO) (“Valero”) announced the pricing of its public offering (the “Offering”) of $850,000,000 aggregate principal amount of its 2.700% Senior Notes due 2023 and $650,000,000 aggregate principal amount of its 2.850% Senior Notes due 2025. The Offering is expected to close on April 16, 2020, subject to customary closing conditions.
Valero intends to use the net proceeds from the Offering for general corporate purposes.
BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Mizuho Securities USA LLC acted as joint book-running managers for the Offering.
Baker Botts L.L.P. represented Valero in the Offering.
Baker Botts Lawyers/Office Involved:
- Corporate: Jeremy Moore (Partner, Houston); Jude Dworaczyk (Associate, Houston); Ieuan List (Associate, Houston); Gita Pathak (Associate, Houston); Lauren Richter (Associate, Houston)
- Tax: Steve Marcus (Partner, Dallas); Snow Rui (Associate, Dallas)
- Environmental: Matthew Kuryla (Partner, Houston); Laura Williams (Associate, Houston)
In-house Valero lawyers involved on the Offering included Jason Fraser, Stephen Gilbert and Ethan Jones.
For more information, please see Valero’s news release by clicking here.
ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 13 offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the technology, energy, and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.