VALERO ENERGY CORP/TX 8-K

What Happened
Valero Energy Corporation announced it entered into an underwriting agreement on March 5, 2026 to issue $850,000,000 aggregate principal amount of 5.150% Senior Notes due 2036. The offering is registered on Form S-3 (Registration No. 333-284608) and is being made pursuant to the prospectus dated January 30, 2025, as supplemented March 5, 2026; closing is expected on March 10, 2026.

Key Details

• Issuer: Valero Energy Corporation (VLO).
• Size and security: $850,000,000 aggregate principal amount of 5.150% Senior Notes due 2036.
• Underwriters/representatives: SMBC Nikko Securities America, Citigroup Global Markets Inc., MUFG Securities Americas Inc., and Wells Fargo Securities, LLC.
• Governing document: Notes issued under the Indenture dated March 10, 2015 (U.S. Bank Trust Company, N.A., trustee).
• Registration/prospectus: Offering registered under the Securities Act on Form S-3; prospectus supplement dated March 5, 2026.
• Expected closing date: March 10, 2026.

Why It Matters
This filing shows Valero raising long-term debt at a fixed 5.150% coupon, which will increase the company’s long-term obligations and future interest expense but provides immediate capital. The 2036 maturity locks in financing for roughly a decade and is a notable funding event for debt investors and shareholders tracking capital structure changes. The 8-K does not state the specific use of proceeds.