Valero Energy pulled the trigger early on its previously announced IPO of new MLP Valero Energy Partners LP (VLP) for a maximum of $345 million, moving ahead in Q4 instead of a previously projected 1H14 launch. VLP is selling 15 million units expected to price at $19-$21/share, which would gross $300 million at range midpoint. A 2.25 million-unit option could add $45 million to gross. VLP is selling a 25.5% LP stake in the......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.