UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Act of 1934 Date of Report (Date of earliest event reported): March 10, 2003 VALERO L.P. (Exact name of registrant as specified in its charter) DELAWARE 1-16417 74-2956831 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) ONE VALERO PLACE 78212 SAN ANTONIO, TEXAS (Zip Code) (Address of principal executive offices) (210) 370-2000 (Registrant's telephone number, including area code)
ITEM 5. OTHER. On March 10, 2003, Valero L.P. issued a news release announcing the public offering of 5,750,000 common units. A copy of the news release is attached as Exhibit 99.1 to this report and is incorporated by reference into this Item 5. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) EXHIBIT Exhibit No. Description of Exhibit 99.1 News Release dated March 10, 2003, with respect to Valero L.P.'s public offering of 5,750,000 common units.
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Valero L.P. By: Riverwalk Logistics, L.P. its general partner By: Valero GP, LLC its general partner Dated: March 14, 2003 By: /s/ Bradley C. Barron Name: Bradley C. Barron Title: Corporate Secretary
EXHIBIT INDEX Exhibit No. Description of Exhibit 99.1 News Release dated March 10, 2003, with respect to Valero L.P.'s public offering of 5,750,000 common units.
EXHIBIT 99.1 LP News Room Valero L.P. (ticker: VLI, exchange: New York Stock Exchange) News Release - 10-Mar-2003 - -------------------------------------------------------------------------------- VALERO L.P. ANNOUNCES PUBLIC OFFERING OF 5,750,000 COMMON UNITS SAN ANTONIO, Mar 10, 2003 (BUSINESS WIRE) -- Valero L.P. (NYSE:VLI) today announced that it intends to make a public offering of 5,750,000 common units representing limited partner interests. Valero L.P. intends to use the net proceeds of the offering to finance, in part, its recently announced acquisitions of crude oil storage tanks and South Texas pipelines and related terminals from Valero Energy Corporation. These transactions are scheduled to close in March 2003. The offering will be made under the partnership's existing shelf registration statement and is expected to price the week of March 10, 2003. The partnership has also granted the underwriters an option to purchase an additional 862,500 common units to cover over-allotments. Lehman Brothers will be the book-running manager for the offering. When available, copies of the preliminary prospectus supplement relating to the offering may be obtained from the offices of Lehman Brothers Inc., Equity Capital Markets, 745 7th Avenue, 3rd Floor, New York, NY 10019. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state. About Valero L.P. Approximately 73 percent of Valero L.P. is currently owned by subsidiaries of Valero Energy Corporation. (Based on today's announcement and the previously announced redemption of common units, that percentage is expected to drop to 49.5 percent or less.) Valero L.P. owns and operates crude oil and refined product pipelines and refined product terminals primarily in Texas, New Mexico, Colorado, Oklahoma and California. The partnership transports refined products from Valero Energy's refineries to established and growing markets in the Mid-Continent, Southwest and the Texas-Mexico border region of the United States. In addition, the pipelines primarily supply Valero Energy's McKee, Ardmore and Three Rivers refineries with crude oil as well as provide access to domestic and foreign crude oil sources. Cautionary Statement Regarding Forward-Looking Statements This press release includes forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995 regarding future events and the future financial performance of Valero L.P. All forward-looking statements are based on the partnership's beliefs as well as assumptions made by and information currently available to the partnership. These statements reflect the partnership's current views with respect to future events and are subject to various risks, uncertainties and assumptions. These risks, uncertainties and assumptions are discussed in the prospectus supplement and the prospectus related to this offering, Valero L.P.'s 2002 annual report on Form 10-K and subsequent filings with the Securities and Exchange Commission.