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Valero Energy prices $750M senior notes offering

Valero Energy Corp. on May 17 priced a public offering of $750 million aggregate principal amount of 4.350% senior notes due 2028.

The company intends to use proceeds from the offering for general corporate purposes, which may include funding of the redemption of $750 million aggregate principal amount of its 9.375% senior notes due 2019.

The offering is expected on close on June 1.

Merrill Lynch Pierce Fenner & Smith Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC served as joint book-running managers for the notes