Valvoline completes tender offer for $598.3M of 4.250% Senior Notes due 2030

VALVOLINE INC

Accepted $598.3M of $600M outstanding 4.250% Senior Notes due 2030, representing 99.72% of tendered notes.
Settlement occurred April 16, 2024; consideration $1,000 per $1,000 principal plus accrued interest.
Tender offer made to comply with asset sale covenant under indenture governing the notes.
Valvoline intends to redeem the remaining outstanding notes not tendered in the offer.

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