03:47 AM EDT, 08/14/2026 (MT Newswires) -- Valvoline ( VVV ) said late Thursday it priced a $600 million offering of 6.125% senior notes due 2034, upsizing the deal from the previously announced $500 million.

The company it plans to use the net proceeds to fully repay its senior secured term loan A facility and partially repay its term loan B facility, with any remaining proceeds for general corporate purposes.

Valvoline ( VVV ) said it also plans to amend its revolving credit facility to increase availability to $600 million from $475 million, reduce borrowing costs and extend its maturity by five years.

The notes offering is expected to close Aug. 24, Valvoline ( VVV ) said.