Valero Energy Partners LP (NYSE:VLP) Files An 8-K Other Events


Valero Energy Partners LP (NYSE:VLP) Files An 8-K Other Events


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

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.

Financial Statements and 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,
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)


About Valero Energy Partners LP (NYSE:VLP)

Valero Energy Partners LP owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. The Company’s assets include crude oil and refined petroleum products pipeline and terminal systems in the United States Gulf Coast and the United States Mid-Continent regions that are integral to the operations of the following Valero Energy Corporation (Valero) refineries, such as Port Arthur Refinery-Port Arthur, Texas; McKee Refinery-Sunray, Texas; Three Rivers Refinery-Three Rivers, Texas; Memphis Refinery-Memphis, Tennessee; Ardmore Refinery-Ardmore, Oklahoma; St. Charles Refinery-Norco, Louisiana; Houston Refinery-Houston, Texas, and Corpus Christi East and West Refineries-Corpus Christi, Texas. The Port Arthur logistics system includes Lucas crude system and Port Arthur products system. McKee logistics system supports Valero’s McKee Refinery in Sunray, Texas.

Valero Energy Partners LP (NYSE:VLP) Recent Trading Information

Valero Energy Partners LP (NYSE:VLP) closed its last trading session up +0.03 at 39.83 with 66,363 shares trading hands.