Valvoline refinances $738M term loan, cuts interest rate by 25 basis points to SOFR+1.75%

Filed June 30, 2026 · Period ending June 30, 2026 · ~1 min read

Key Changes

• high

  Refinanced entire $738.15M Term B loan facility at SOFR+1.75%, down from SOFR+2.00%, reducing annual interest expense by ~$1.8M while keeping Dec 2032 maturity unchanged.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Loan structure unchanged: minimal 0.25% quarterly amortization starting Sept 2026, with principal due at maturity in seven years.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• low

  Prepayment allowed but carries 1% premium if company attempts another repricing within six months, protecting lenders from immediate re-refinancing.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →