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 EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): MAY 30, 2003
VALERO ENERGY CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 1-13175 74-1828067
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
ONE VALERO PLACE
SAN ANTONIO, TEXAS 78212
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (210) 370-2000
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ITEM 5. OTHER EVENTS.
On May 30, 2003, Valero Energy Corporation (the "Company") entered into
an underwriting agreement for the public offering of $300,000,000 aggregate
principal amount of its 4.75% Notes due 2013 (the "Notes"). The Notes are to be
issued under an Indenture dated December 12, 1997 between the Company and The
Bank of New York, as Trustee. The Notes were registered under the Securities Act
of 1933, as amended, pursuant to the shelf registration statement (Registration
Nos. 333-84820, 333-84820-1 and 333-84820-2) of the Company, VEC Trust III and
VEC Trust IV. Closing of the issuance and sale of the Notes is scheduled for
June 4, 2003.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
1.1 Underwriting Agreement dated May 30, 2003 among the Company
and J.P. Morgan Securities Inc., Barclays Capital Inc., Morgan
Stanley & Co. Incorporated, BNP Paribas Securities Corp., Banc
of America Securities LLC, Banc One Capital Markets, Inc.,
Fleet Securities, Inc., RBC Dominion Securities Corporation,
SunTrust Capital Markets, Inc., TD Securities (USA) Inc. and
The Royal Bank of Scotland plc, as Underwriters.
4.1 Terms of the 4.75% Notes due 2013.
4.2 Form of Notes (included in Exhibit 4.1 above).
5.1 Opinion of Jay D. Browning, Esq.
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SIGNATURE
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 hereunto duly authorized.
VALERO ENERGY CORPORATION
Date: June 4, 2003 By: /s/ JAY D. BROWNING
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Jay D. Browning
Vice President and Secretary
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EXHIBIT INDEX
Number Exhibit
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1.1 Underwriting Agreement dated May 30, 2003 among the Company and J.P.
Morgan Securities Inc., Barclays Capital Inc., Morgan Stanley & Co.
Incorporated, BNP Paribas Securities Corp., Banc of America Securities
LLC, Banc One Capital Markets, Inc., Fleet Securities, Inc., RBC
Dominion Securities Corporation, SunTrust Capital Markets, Inc., TD
Securities (USA) Inc. and The Royal Bank of Scotland plc, as
Underwriters.
4.1 Terms of the 4.75% Notes due 2013.
4.2 Form of Notes (included in Exhibit 4.1 above).
5.1 Opinion of Jay D. Browning, Esq.
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