St. Charles Parish, La., plans to sell $300 million bonds for Valero

By Cristal Cody

Tupelo, Miss., Dec. 14 - The Parish of St. Charles in Louisiana intends to price $300 million of Gulf Opportunity Zone revenue bonds for Valero Refining-New Orleans LLC, according to a preliminary official statement.

The series 2010 bonds (/A+/) are due Dec. 1, 2040 and are subject to a mandatory tender on Feb. 2, 2011.

SunTrust Robinson Humphrey Inc. will manage the negotiated sale.

Proceeds will be loaned to Valero Refining to finance the cost to acquire, construct and install an expansion to the company's existing refinery in the parish.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.