2014

Valero Energy Partners LP Announces Closing of Initial Public Offering

SAN ANTONIO, Dec. 16, 2013 /PRNewswire/ -- Valero Energy Partners LP, a limited partnership formed by Valero Energy Corporation (NYSE: VLO, "Valero"), announced today that its previously announced initial public offering of 17,250,000 common units representing limited partner interests has closed.  The common units issued at closing included 2,250,000 common units issued pursuant to the underwriters' option to purchase additional common units, which was exercised in full prior to closing.  The common units are traded on the New York Stock Exchange under the ticker symbol "VLP." 

(Logo: http://photos.prnewswire.com/prnh/20131202/DA25769LOGO)

As of the closing of this offering, the public owns a 29.4 percent limited partner interest in the Partnership. Valero, through certain of its subsidiaries, owns the remaining limited partner interests in the Partnership, as well as the 2 percent general partner interest.

J.P. Morgan, Barclays, Citigroup, RBC Capital Markets and Wells Fargo Securities acted as joint book-running managers for the offering.  Mitsubishi UFJ Securities, SunTrust Robinson Humphrey, Credit Agricole CIB, Credit Suisse, Jefferies, Mizuho Securities, RBS Securities Inc. and Scotiabank / Howard Weil acted as co-managers. 

The offering was made only by means of a prospectus.  Copies of the prospectus may be obtained from:

J.P. Morgan
Attn: Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Telephone: (866) 803-9204

Barclays
Attn: Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
barclaysprospectus@broadridge.com
Telephone: (888) 603-5847

Citigroup
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
batprospectusdept@citi.com
Telephone: (800) 831-9146

RBC Capital Markets
Attn: Equity Syndicate
Three World Financial Center
200 Vesey Street, 8th Floor
New York, NY 10281-8098
Telephone: (877) 822-4089

Wells Fargo Securities
Attn: Equity Syndicate Dept. 
375 Park Avenue 
New York, New York 10152 
Email: cmclientsupport@wellsfargo.com
Telephone: (800) 326-5897 

A registration statement relating to these securities has been filed with and declared effective by the U.S. Securities and Exchange Commission ("SEC").  The prospectus may be obtained free of charge from the SEC's website at www.sec.gov under the registrant's name, "Valero Energy Partners LP." This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sales of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Valero Energy Partners LP

Valero Energy Partners LP is a fee-based, growth-oriented, traditional 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, Valero Energy Partners' 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 Valero's refinery located in Port Arthur, Texas, its McKee refinery located in Sunray, Texas, and its refinery located in Memphis, Tennessee.

Contacts


Investors:

John Locke, 210-345-3077, john.locke@valero.com  


Ashley Smith, 210-345-2744, ashley.smith@valero.com



Media:

Bill Day, 210-345-2928, bill.day@valero.com 

 

SOURCE Valero Energy Partners LP



RELATED LINKS
http://www.valeroenergypartners.com

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