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): August 6, 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 7. Financial Statements and Exhibits.
(c) Exhibit
Exhibit No. Description of Exhibit
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99.1 News Release dated August 6, 2003, with respect to
the pricing of Valero L.P.'s 1,075,000 common units.
Item 9. Regulation FD Disclosure.
Valero L.P. today announced the pricing of its 1,075,000 common units. The full
text of the press release is set forth in Exhibit 99.1 hereto and incorporated
by reference herein. The exhibit is not filed but is furnished pursuant to
Regulation FD.
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: August 6, 2003 By: /s/ Bradley C. Barron
-----------------------------
Name: Bradley C. Barron
Title: Corporate Secretary
Exhibit 99.1
Valero L.P. Announces Pricing of 1,075,000 Common Units
SAN ANTONIO, Texas, August 6, 2003 - Valero L.P. (NYSE: VLI) announced the
pricing on August 5, 2003 of 1,075,000 common units at a public offering price
of $41.15 per unit. All units are being sold by Valero L.P. The offering is
scheduled to close on August 11, 2003.
Valero L.P. has granted the underwriter the option to purchase up to an
additional 161,250 common units to cover over-allotments, if any. The
partnership intends to use the net proceeds for working capital and general
partnership purposes, including future acquisitions and expansion capital
projects.
Lehman Brothers acted as the sole underwriter for the offering.
This press release shall not constitute an offer to sell or the solicitation of
an offer to buy any of the securities described herein. There shall not be any
sale of these securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. The offering may be made only by means
of a prospectus supplement and the related prospectus.
When available, copies of the final prospectus supplement and related prospectus
for this offering may be obtained from the offices of Lehman Brothers Inc.,
Equity Capital Markets, 745 7th Avenue, 3rd Floor, New York, NY 10019.
About Valero L.P.
Valero L.P. owns and operates crude oil and refined product pipelines, refined
product terminals and refinery feedstock storage assets 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, its pipelines and storage facilities primarily supply seven
of Valero Energy's key refineries with crude oil and other feedstocks 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 Valero L.P.'s 2002 annual report on Form 10-K and
subsequent filings with the Securities and Exchange Commission.
CONTACT: Valero L.P., San Antonio
Investors, Eric Fisher, Director, Investor Relations:
210/370-2896
or
Media, Mary Rose Brown, Senior Vice President,
Corporate Communications: 210/370-2314
Web Site: http://www.valerolp.com