debt
confidence high
sentiment neutral
materiality 0.55
Valvoline commences cash tender offer for $600M 4.250% Senior Notes due 2030
VALVOLINE INC
- Tender offer for any and all outstanding $600M 4.250% Senior Notes due 2030.
- Consideration of $1,000 per $1,000 principal plus accrued interest.
- Offer expires April 12, 2024; subject to conditions in Offer to Purchase.
- Required by asset sale covenant under the indenture governing the Notes.
- Citigroup, Goldman Sachs, Morgan Stanley act as dealer managers.