Valvoline amends credit agreement, boosts revolver to $600 million

Reuters2026/08/24 20:12

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Valvoline amended its revolving credit facility under its Second Amended and Restated Credit Agreement on Aug. 24, 2026.
Revolver availability increased to $600 million from $475 million.
Facility maturity extended to five years from Aug. 24, 2026.
Maximum consolidated net leverage covenant raised to 5:1 from 4.5:1, stepping down to 4.75:1 then 4.5:1.
Amendment adds flexibility to lift the ratio by 0.5:1 following a material acquisition.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Valvoline Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-058633), on August 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Valvoline amends credit agreement, boosts revolver to $600 million

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