Valvoline amends credit agreement, refinancing $738.2 million Term B loans
On June 30, 2026, Valvoline entered into Amendment No. 1 to its Second Amended and Restated Credit Agreement, refinancing all outstanding Term B Loans into new Refinanced Term B Loans with an aggregate principal of $738,150,000. The filing says the principal amount is unchanged after the amendment, and the pricing changed to adjusted term SOFR plus 1.75% or base rate plus 0.75%, with the maturity date unchanged.
Key points
- Aggregate principal of Refinanced Term B Loans is $738,150,000, unchanged from immediately before the amendment
- Term SOFR borrowings priced at adjusted term SOFR plus 1.75%; base rate borrowings at base rate plus 0.75%
- Quarterly amortization of 0.25% begins September 30, 2026; maturity remains seven years after December 1, 2025
- A 1.00% prepayment premium applies to certain repricing transactions in the six months after June 30, 2026
The filing
Written by AI on Nov 8, 2026, 7:02 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 30, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.