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 4, 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
----------- ----------------------
99.1 News Release dated August 4, 2003, with respect to
Valero L.P.'s public offering of 1,000,000 common
units.
Item 9. Regulation FD Disclosure.
Valero L.P. today announced that it plans to offer and sell 1,000,000 common
units in an underwritten public offering. The full text of the news 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 4, 2003 By: ________________
Name: Bradley C. Barron
Title: Corporate Secretary
EXHIBIT 99.1
VALERO L.P. ANNOUNCES PUBLIC OFFERING OF COMMON UNITS
SAN ANTONIO, Texas, August 4, 2003 - Valero L.P. (NYSE: VLI) today announced it
plans to sell approximately 1,000,000 common units pursuant to an effective
shelf registration statement previously filed with the Securities and Exchange
Commission. The underwriter has the option to purchase up to an additional
150,000 common units from Valero L.P. to cover over-allotments, if any. The
partnership currently intends to use the net proceeds for working capital and
general partnership purposes, including future acquisitions and expansion
capital projects.
Lehman Brothers will serve 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 securities. The offering is being made solely by means of a
prospectus dated June 17, 2002 and the accompanying preliminary prospectus
supplement dated August 4, 2003. 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.
When available, copies of the preliminary prospectus 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.
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.
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