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Valero prices $1B public notes offering

Valero Energy Corp. on March 21 priced a public offering of $1 billion of its 4% senior notes due 2029.

The company plans to use the proceeds for general corporate purposes, which could include funding the redemption of its $850 million 6.125% senior notes due 2020.

The offering is expected to close March 25, subject to customary closing conditions.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC and MUFG Securities Americas Inc. acted as joint book-running managers for the notes.