# VALVOLINE INC (VVV) — capital_raise/public_offering [pending]
Source: sec.gov · situation sit_4361355b1c4fa30e462b · public 8983939883860908450 · retrieved 2026-08-19T11:58:18.986Z

## Overview
Valvoline Inc. operates approximately 2,500 franchised and company-operated service centers across the United States and Canada, completing more than 30 million services annually including oil changes and manufacturer-recommended maintenance services.

Valvoline Inc. announced the pricing of a $600,000,000 aggregate principal amount of 6.125% senior notes due 2034, upsized from an initially announced $500 million offering. The notes are unsubordinated unsecured obligations guaranteed by Valvoline's subsidiaries that guarantee its senior secured credit facilities or 2031 notes. Valvoline intends to use net proceeds to repay in full its senior secured term loan A facility and partially repay its senior secured term loan B facility, with the remainder for general corporate purposes. The offering is expected to close on August 24, 2026, subject to customary closing conditions.

## Terms
- Deal value: $600.0M · Consideration: cash

## Key dates
- Announced 2026-08-13 · Expected close 2026-08-24

## Timeline
- 2026-08-13 · 8-K (0001674910-26-000071): 8-K - VALVOLINE INC — *Valvoline Inc. operates approximately 2,500 franchised and company-operated service centers across the United States and Canada, completing more than 30 million services annually including oil changes and manufacturer-recommended maintenance services.* Valvoline Inc. announced the pricing of a $600,000,000 aggregate principal amount of 6.125% senior notes due 2034, upsized from an initially announced $500 million offering. The notes are unsubordinated unsecured obligations guaranteed by Valvoline's subsidiaries that guarantee its senior secured credit facilities or 2031 notes. Valvoline intends to use net proceeds to repay in full its senior secured term loan A facility and partially repay its senior secured term loan B facility, with the remainder for general corporate purposes. The offering is expected to close on August 24, 2026, subject to customary closing conditions.
  https://www.sec.gov/Archives/edgar/data/1674910/0001674910-26-000071.txt

## Citations
- 0001674910-26-000071 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000167491026000071