Valero Energy Partners LP - 2015-09-23
Description
Plans to issue additional common and general partner units to Valero Energy Corp. subsidiaries as part of the $465 million dropdown acquisition of the Corpus Christ Terminal Services business from Valero. The units will be allocated in a proportion allowing the general partner to maintain its 2% general partner interest. Evercore Group LLC is financial adviser, and Akin Gump Straus Hauer & Feld LLP is legal counsel.