Valero Energy Corporation priced $850 million in aggregate principal amount of 5.150% Senior Notes due 2036, marking a significant debt financing move for the San Antonio-based energy company.
The notes were issued under an underwriting agreement signed March 5, 2026, with SMBC Nikko Securities America, Citigroup Global Markets, MUFG Securities Americas and Wells Fargo Securities serving as representatives of the underwriter syndicate. The offering closed on March 10, 2026.
The debt instruments were issued pursuant to an Indenture dated March 10, 2015, between Valero and U.S. Bank Trust Company, National Association, as trustee. The Securities and Exchange Commission registered the offering under the Securities Act of 1933 via Valero’s Form S-3 registration statement (Registration No. 333-284608). The company distributed a prospectus dated January 30, 2025, supplemented by a prospectus supplement dated March 5, 2026, to potential investors.
The 5.150% coupon rate reflects current market conditions for investment-grade energy sector debt. The notes mature in 2036, providing Valero with a 10-year funding window for capital allocation, debt refinancing, or general corporate purposes.
Valero, one of the nation’s largest independent petroleum refiners with operations across the U.S. and internationally, regularly accesses capital markets to fund strategic initiatives and maintain financial flexibility. The company trades on the New York Stock Exchange under the ticker VLO.
Disclaimer: This article is based on a Form 8-K filing submitted to the U.S. Securities and Exchange Commission (SEC).
This article is written by AI Desk and reviewed by News Desk before publication.