SAN ANTONIO – (COMMERCIAL THREAD) – Valero Energy Corporation (NYSE: VLO) announced today that it will repay the full principal amount outstanding on its senior floating rate bonds due 2023 (the âBondsâ) under its previously announced debt reduction plans. The repayment date of the Notes is September 27, 2021. The total principal amount of the Notes outstanding is $ 575 million. The redemption price of the Notes will be equal to 100% of the principal amount of the outstanding Notes, plus accrued and unpaid interest up to, but not including, the redemption date. Valero plans to use the available cash to fund the reimbursement of the tickets.
Notice of redemption is being sent to all currently registered holders of the Notes by the trustee, US Bank National Association.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities.
Valero Energy Corporation, through its subsidiaries (collectively, âValeroâ), is an international manufacturer and distributor of transportation fuels and petrochemicals. Valero is a Fortune 500 company based in San Antonio, Texas, and owns 15 petroleum refineries with a combined production capacity of approximately 3.2 million barrels per day and 13 ethanol plants with a combined production capacity. of about 1.7 billion gallons per year. Oil refineries are located in the United States (United States), Canada and United Kingdom (United Kingdom), and ethanol plants are located in the Mid-Continent region of the United States. Valero is also a joint venture partner of Diamond Green Diesel, which owns and operates a renewable diesel plant in Norco, Louisiana. Diamond Green Diesel is the largest biomass-based diesel plant in North America. Valero sells its products in wholesale or bulk markets in the United States, Canada, United Kingdom, Ireland and Latin America. Around 7,000 points of sale carry the Valero brands. Please visit www.investorvalero.com for more information.
Safe Harbor Declaration
Statements in this press release which set forth Valero’s or management’s expectations or predictions for the future are forward-looking statements intended to be covered by the safe harbor provisions of the Securities Act of 1933 and the Securities Exchange. Act of 1934. The forward-looking statements in this release include Valero’s plans to reduce debt, the timing and terms of repayment of the notes and the source of funding for repayment. It is important to note that actual results could differ materially from those projected in these forward-looking statements depending on many factors, including those beyond the control of the company, such as circumstances and events that could have an impact on the Company. liquidity and other factors. For more information on factors that could cause actual results to differ from those expressed or expected, see Valero’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and others. reports filed with the Securities and Exchange Commission and available on Valero. website at www.valero.com.