Davis Polk advised the joint book-running managers on an SEC-registered offering by Valero Energy Corporation of $1.25 billion aggregate principal amount of its 3.400% senior notes due 2026.

Valero Energy Corporation, through its subsidiaries, is an international manufacturer and marketer of transportation fuels, other petrochemical products and power. Approximately 7,400 outlets carry the Valero, Diamond Shamrock, Shamrock and Beacon brands in the United States and the Caribbean; Ultramar in Canada; and Texaco in the United Kingdom and Ireland. Valero is a Fortune 500 company based in San Antonio, Texas.

The Davis Polk capital markets team included partner Richard D. Truesdell Jr. and associates Skawenniio Barnes and Dan Gibbons. The tax team included partner Rachel D. Kleinberg. Counsel Loyti Cheng and associate Yuko Masunaga provided environmental advice. Members of the Davis Polk team are based in the New York and Northern California offices.

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