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Valero-backed LP files for a $345 million IPO

September 19, 2013
VLP

Valero Energy Partners, a Valero-backed limited partnership that owns pipeline and logistics assets, filed on Thursday with the SEC to raise up to $345 million in an initial public offering. The San Antonio, TX-based company, which was founded in 2013 and booked $93 million in sales for the 12 months ended June 30, 2013, plans to list on the NYSE under the symbol VLP. J.P. Morgan and Barclays are the joint bookrunners on the deal. No pricing terms were disclosed.