Wednesday, Valero Energy Corp. (VLO) priced a public offering of $400 million aggregate principal amount of 4.50% notes due 2015 and $850 million aggregate principal amount of 6.125% notes due 2020. The offering was made following the company's shelf registration statement filed with the Securities and Exchange Commission on March 12, 2009.
The offering is expected to close on February 8, 2010, subject to customary closing conditions. Valero intends to use the net proceeds from the offering for general corporate purposes, including the refinancing of debt. Banc of America Securities LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities LLC and J.P. Morgan Securities Inc. are the joint book-runners for the notes offering.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.