Valero Energy Partners LP Announces Pricing of Notes Offering

SAN ANTONIO, Dec. 02, 2016 -- 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 4.375% senior notes due 2026. The offering is expected to close on December 9, 2016, 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.

J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, PNC Capital Markets LLC, SMBC Nikko Securities America, Inc., SunTrust Robinson Humphrey, Inc. and U.S. Bancorp Investments, 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 J.P. Morgan Securities LLC by phone at 1-212-834-4533, by mail at 383 Madison Avenue, New York, New York 10179, Attention: Investment Grade Syndicate Desk, 3rd Floor; Merrill Lynch, Pierce, Fenner & Smith Incorporated by phone at 1-800-294-1322, by mail at 200 North College Street, NC1-004-03-43, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, or by email at [email protected]; and Morgan Stanley & Co. LLC by phone at 1-800-624-1808 or 212-761-1057, by mail at 180 Varick Street, New York, New York 10014, or by email at [email protected].

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 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, Manager – Investor Relations, 210-345-4574

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