09:38 AM EDT, 08/13/2026 (MT Newswires) -- Valvoline ( VVV ) launched an offering of $500 million of senior notes due 2034 to qualified institutional buyers, according to a Thursday statement.

The notes will be unsubordinated, unsecured obligations of Valvoline ( VVV ) and guaranteed by certain subsidiaries of the company, Valvoline ( VVV ) said. Proceeds will be used for debt repayment, the company added.

Concurrent with the offering, Valvoline ( VVV ) said it plans to amend its existing revolving credit facility to increase the funding availability to $600 million from $475 million, reduce the pricing, and extend maturity to five years after the amendment's effective date, according to the statement.

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