CST Brands, Inc. (NYSE: CST) announced today that the previously announced underwritten public offering of its common stock owned by Valero Energy Corporation, the selling stockholder, has closed. The offering of 15,079,448 shares of common stock included 1,966,884 shares of common stock that were sold pursuant to the underwriters’ option to purchase additional shares, which was exercised in full prior to closing. Due to the exercise of the over-allotment option in full, Valero has no remaining shareholdings in CST’s common stock. The total number of shares of CST common stock outstanding did not change as a result of the offering. CST Brands, Inc. did not sell any shares in this offering and did not receive any proceeds from the sale of the shares of common stock offered by the selling stockholder.
Citigroup, Wells Fargo Securities, J.P. Morgan, Mizuho Securities and RBC Capital Markets acted as joint book-running managers for the offering. Credit Suisse, Mitsubishi UFJ Securities, Piper Jaffray, PNC Capital Markets LLC, RBS, Scotiabank, SMBC Nikko and SunTrust Robinson Humphrey acted as co-managers for the offering.
The offering was made only by means of a prospectus. Copies of the prospectus related to the offering may be obtained by sending a request to:
|Citigroupc/o Broadridge Financial Solutions1155 Long Island AvenueEdgewood, NY 11717Phone: (800) 831-9146||Wells Fargo SecuritiesAttn: Equity Syndicate Department375 Park Avenue, 4th FloorNew York, NY 10152Phone: (800) 326-5897|
|J.P. MorganAttn: Broadridge Financial Solutions1155 Long Island AvenueEdgewood, NY 11717Phone: (866) 803-9204||Mizuho SecuritiesAttn: Equity Syndicate Department320 Park Avenue, 12th floorNew York, NY 10022Phone: (866) 271-7403||RBC Capital MarketsAttn: Equity SyndicateThree World Financial Center200 Vesey Street, 8th FloorNew York, NY 10281Phone: (877) 822-4089|
You may also get a copy of the prospectus for free by visiting the SEC's website at http://www.sec.gov.A registration statement relating to these securities has been filed with the SEC and was declared effective on November 6, 2013. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities, nor shall there be any sales of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV