Valero Energy Corporation Announces Pricing of Notes Offering

SAN ANTONIO--(BUSINESS WIRE)-- Valero Energy Corporation (VLO) announced today that it has priced a public offering of $850,000,000 aggregate principal amount of 5.150% Senior Notes due 2036 (the ?Notes?).

The offering is expected to close on March 10, 2026, subject to the satisfaction of 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 7.65% Debentures due 2026 and 3.400% Senior Notes due 2026 and the outstanding 4.375% Senior Notes due 2026 issued by Valero Energy Partners LP and guaranteed by Valero.

SMBC Nikko Securities America, Inc., Citigroup Global Markets Inc., MUFG Securities Americas Inc. and Wells Fargo Securities, LLC acted as joint book-running managers for the offering.

Copies of the prospectus supplement and accompanying base prospectus relating to the offering may be obtained from SMBC Nikko Securities America, Inc. at 1 (888) 868-6856, Citigroup Global Markets Inc. at 1 (800) 831-9146, MUFG Securities Americas Inc. at 1 (877) 649-6848, and Wells Fargo Securities, LLC at 1 (800) 645-3751 and online at www.sec.gov.

The Notes were offered and will be sold pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission, and only by means of a prospectus supplement and accompanying base prospectus. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these 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

Valero Energy Corporation (VLO), through its subsidiaries (collectively, Valero), is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and sells its products primarily in the United States (U.S.), Canada, the United Kingdom (U.K.), Ireland and Latin America. Valero owns 15 petroleum refineries located in the U.S., Canada and the U.K. with a combined throughput capacity of approximately 3.2 million barrels per day. Valero is a joint venture member in Diamond Green Diesel Holdings LLC, which produces low-carbon fuels including renewable diesel and sustainable aviation fuel (SAF), with a production capacity of approximately 1.2 billion gallons per year in the U.S. Gulf Coast region. See the annual report on Form 10-K for more information on SAF. Valero also owns 12 ethanol plants located in the U.S. Mid-Continent region with a combined production capacity of approximately 1.7 billion gallons per year. Valero manages its operations through its Refining, Renewable Diesel, and Ethanol segments.

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Source: Valero Energy Corporation (VLO)