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|
About CST Brands, Inc.CST is one of the largest independent retailers of motor fuels and convenience merchandise in North America. Based in San Antonio, Texas, CST employs nearly 12,000 Team Members at approximately 1,900 locations throughout the Southwestern United States and Eastern Canada offering a broad array of convenience merchandise, beverages, snacks and fresh food. In the U.S., CST Corner Stores proudly sell Valero fuels and signature products such as Fresh Choices baked and packaged goods, U Force energy and sport drinks, Cibolo Mountain coffee, FC Soda and Flavors2Go fountain drinks. In Canada, CST is the exclusive provider of Ultramar fuel and its Dépanneur du Coin and Corner Stores sell signature Transit Café coffee and pastries. Forward-Looking Statements This press release may include forward-looking statements. These forward-looking statements involve risks and uncertainties. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in CST’s prospectus and SEC filings. CST undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.