Valero Energy Corporation announced that it will redeem the entire outstanding principal amount of its Floating Rate Senior Notes due 2023 as part of its previously announced plans to reduce debt. The redemption date for the Notes is September 27, 2021. The aggregate principal amount of the Notes outstanding is $575 million. The redemption price for the Notes will be equal to 100% of the principal amount of the Notes outstanding, plus accrued and unpaid interest thereon to, but not including, the redemption date. Valero plans to use cash on hand to fund the redemption of the Notes. A notice of redemption is being sent to all currently registered holders of the Notes by the Trustee, U.S. Bank National Association.