Davis Polk advised the joint book-running managers on an SEC-registered offering by Valero Energy Corporation of $750 million aggregate principal amount of its 4.350% senior notes due 2028.

Valero Energy Corporation, through its subsidiaries, is an international manufacturer and marketer of transportation fuels and other petrochemical products. Valero, a Fortune 50 company based in San Antonio, Texas, with approximately 10,000 employees, is an independent petroleum refiner and ethanol producer and its assets include 15 petroleum refineries with a combined throughput capacity of approximately 3.1 million barrels per day and 11 ethanol plants with a combined production capacity of 1.45 billion gallons per year. Valero sells its products in both the wholesale rack and bulk markets. Approximately 7,400 outlets carry Valero’s brand names in the United States, Canada, the United Kingdom and Ireland. 

The Davis Polk capital markets team included partner Richard D. Truesdell Jr., associate Hillary A. Coleman and summer law clerk Justin Levine. The tax team included partner Rachel D. Kleinberg. Counsel Loyti Cheng and associate Michael Comstock provided environmental advice. Members of the Davis Polk team are based in the New York and Northern California offices.

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