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.

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