CST Brands Closes Senior-Note Exchange Offer

Published in CSP Daily News

Retailer retains $550 million in outstanding principal

SAN ANTONIO -- CST Brands Inc. announced the closing of the offer to exchange any and all of its $550 million outstanding principal amount of 5.00% senior notes due 2023 for an equal amount of new 5.00% senior notes due 2023.

The terms of the exchange notes are identical in all material respects to those of the outstanding notes, except that the transfer restrictions, registration rights and additional interest provisions relating to the outstanding notes do not apply to the exchange notes.

The exchange offer expired at 5 p.m., Eastern time, on Dec. 11, 2013, and as of such time all of the outstanding notes, including those submitted pursuant to notices of guaranteed delivery, had been tendered for exchange.

CST Brands Inc. is one of the largest independent retailers of motor fuels and convenience merchandise in North America. Based in San Antonio, 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 United States, 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