Valero Energy Partners LP (NASDAQ:VLP) Files An 8-K Other Events
Item8.01.
| Other Events. |
Senior Notes Offering
On December2, 2016, Valero Energy Partners LP (the Partnership)
and Valero Energy Partners GP LLC entered into an underwriting
agreement (the Underwriting Agreement) for the public offering of
$500,000,000 aggregate principal amount of its 4.375% Senior
Notes due 2026 (the Notes). The Notes are to be issued to an
Indenture (the Indenture) dated November30, 2016 by and between
the Partnership and U.S. Bank National Association, as trustee.
Closing of the issuance and sale of the Notes is scheduled for
December9, 2016.
The offering of the Notes was registered under the Securities Act
of 1933, as amended, to the Registration Statement on Form S-3
(Registration No.333-208052), as amended, of the Partnership, and
was made to the prospectus dated November30, 2016, as
supplemented by the prospectus supplement dated December2, 2016.
The Underwriting Agreement and Indenture are filed or
incorporated by reference, as applicable, as Exhibits 1.1 and 4.1
hereto.
Release of Guarantee
On December2, 2016, as a result of the Partnership obtaining an
investment grade rating with respect to the Notes, Valero
Partners Operating Co. LLCs guarantees of obligations under the
Partnerships revolving credit facility and under the Partnerships
subordinated loan agreements with Valero Energy Corporation were
released in accordance with the terms of such agreements.
Item9.01 |
Financial Statements and Exhibits. |
(d) |
Exhibits. |
| 1.1 |
Underwriting Agreement dated December2, 2016, by and among the Partnership, Valero Energy Partners GP LLC and J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner Smith Incorporated and Morgan Stanley Co, LLC as representatives of the several underwriters named in Schedule 1 thereto. |
|
| 4.1 |
Indenture dated November 30, 2016 by and between the Partnership and U.S. Bank National Association, as trustee – incorporated by reference to Exhibit 4.1 to the Partnerships Post-Effective Amendment No. 1 to Registration Statement on Form S-3 (Registration No. 333-208052) filed November 30, 2016. |
|
| 5.1 | Opinion of Baker Botts L.L.P. | |
| 12.1 | Computation of Ratio of Earnings to Fixed Charges | |
| 23.1 | Consent of Baker Botts L.L.P. (included in Exhibit 5.1) |
2
About Valero Energy Partners LP (NASDAQ:VLP)
