Deal Description: On February 4, 2025, Valero Energy Corporation (NYSE: VLO) (“Valero”) announced the pricing of its public offering (the “Offering”) of $650,000,000 aggregate principal amount of its 5.150% Senior Notes due 2030. The Offering is expected to close on February 7, 2025, subject to customary closing conditions. 

Valero intends to use the net proceeds from the Offering for general corporate purposes, including the repayment, repurchase or redemption of its outstanding 3.650% Senior Notes due 2025 and 2.850% Senior Notes due 2025.

Citigroup Global Markets Inc., BofA Securities, 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.

Client: Valero Energy Corporation 

Value: $650 million 

Baker Botts Lawyers/Office Involved:

Corporate: Jamie Yarbrough (Partner, Houston); Timothy Taylor (Partner, Houston); Rob Cowan (Associate, Austin); Brevan Ward (Associate, Houston)

Tax: Jon Lobb (Partner, Houston); Nick Frey (Associate, San Francisco)

Environmental: Elizabeth Singleton (Special Counsel, Houston)

For more information, please see Valero’s news release relating to the Offering here.

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