Valvoline launches USD 500 million senior notes offering due 2034
Reuters2026/08/13 12:09- Valvoline launched an offering of USD 500 million Senior Notes due 2034.
- Proceeds earmarked to repay its senior secured term loan A in full, reduce term loan B, cover related fees.
- Notes to be unsubordinated, unsecured obligations, guaranteed on the same basis by subsidiaries backing its senior secured credit facilities.
- Separate plan to amend its revolving credit facility to lift availability to USD 600 million, cut pricing, extend maturity by five years.
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