Valero Power Continues to Cut back Debt By way of Obligatory Tender of $300 Million of GO Zone Bonds


SAN ANTONIO–()–Valero Power Company (NYSE: VLO, “Valero”) diminished its debt by roughly $300 million via the acquisition of $300 million of 4.00 % Gulf Alternative Zone Income Bonds Collection 2010 (“GO Zone Bonds”). As beforehand disclosed, the GO Zone Bonds are due December 1, 2040, however had been topic to obligatory tender on June 1, 2022 (the “Obligatory Tender Date”) at a worth equal to par plus accrued and unpaid curiosity as much as, however excluding, the Obligatory Tender Date.

This transaction, mixed with debt discount and refinancing transactions accomplished within the third and fourth quarters of 2021, and the primary quarter of 2022, collectively diminished Valero’s debt by roughly $2.3 billion.

About Valero

We’re a multinational producer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical merchandise, and we promote our merchandise primarily in the US (U.S.), Canada, the UK (U.Ok.), Eire, and Latin America. We personal 15 petroleum refineries situated within the U.S., Canada, and the U.Ok. with a mixed throughput capability of roughly 3.2 million barrels per day (BPD). We’re a three way partnership member in Diamond Inexperienced Diesel Holdings LLC (DGD), which owns a renewable diesel plant in Norco, Louisiana with a manufacturing capability of 700 million gallons per yr, and we personal 12 ethanol vegetation situated within the Mid-Continent area of the U.S. with a mixed manufacturing capability of roughly 1.6 billion gallons per yr. We handle our operations via our Refining, Renewable Diesel, and Ethanol segments. Please go to for extra info.



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