CST Brands Announces Private Placement of Senior Notes

  CST Brands Announces Private Placement of Senior Notes

Business Wire

SAN ANTONIO -- April 19, 2013

CST Brands, Inc. (NYSE: CST) (“CST Brands”) announced today the commencement,
in connection with its spin-off from Valero Energy Corporation (NYSE: VLO)
(“Valero”), of an offering of CST Brands’ $550 million aggregate principal
amount of senior notes due 2023, subject to market conditions.

The notes are being offered for sale to qualified institutional buyers in an
offering exempt from registration pursuant to Rule 144A under the Securities
Act of 1933, as amended (the “Securities Act”), and to persons outside the
United States in compliance with Regulation S under the Securities Act. The
notes are expected to be issued initially to Valero and subsequently exchanged
by Valero for outstanding indebtedness of Valero held by a third party.
Following such exchange, the notes will be sold by such third party and other
initial purchasers in the offering. The notes will initially be guaranteed on
a senior unsecured basis by each of the domestic subsidiaries of CST Brands
that guarantee indebtedness under its senior secured revolving credit and term
loan facilities.

The notes and the related guarantees have not been registered under the
Securities Act, or any state securities laws, and unless so registered, may
not be offered or sold in the United States except pursuant to an exemption
from, or in a transaction not subject to, the registration requirements of the
Securities Act and applicable state securities laws. This press release does
not constitute an offer to sell or the solicitation of an offer to buy any
security and shall not constitute an offer, solicitation or sale in any
jurisdiction in which such offering, solicitation or sale would be unlawful.
This press release is being issued pursuant to and in accordance with Rule
135c under the Securities Act.

About CST Brands

CST Brands, to be based in San Antonio, Texas, is expected to be one of the
largest independent retailers of motor fuels and convenience merchandise in
the United States and eastern Canada with nearly 1,900 sites and nearly 12,000

This press release includes statements regarding the private placement that
may constitute forward-looking statements within the meaning of federal
securities laws. Such forward-looking statements are subject to a variety of
known and unknown risks, uncertainties, and other factors that are difficult
to predict and many of which are beyond management’s control. Factors that can
affect future results are discussed in our registration statement on Form 10
and other reports that may be filed by CST Brands from time to time with the
Securities and Exchange Commission. CST Brands undertakes no obligation to
update or revise any forward-looking statement to reflect new information or


CST Brands
Randy Palmer, 800-456-3533
Director – Investor Relations
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