Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
VALVOLINE INC incurred term loan of $740 million with The Bank of Nova Scotia at adjusted term SOFR plus 2.000% per annum maturing seventh anniversary of the Closing Date.
- Instrument
- term loan
- Principal
- $740 million
- Counterparty
- The Bank of Nova Scotia
- Rate
- adjusted term SOFR plus 2.000% per annum
- Maturity
- seventh anniversary of the Closing Date
- Event
- incurrence
Exact text from the filing
The Amendment, among other things, provides for the establishment of a new $740 million incremental senior secured term loan B credit facility (the “Incremental Term Facility”), which was made available in a single drawing on the Closing Date, and which has a maturity date of the seventh anniversary of the Closing Date.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
VALVOLINE INC amended Incremental Amendment with The Bank of Nova Scotia valued at $740 million (effective 2025-12-01).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- The Bank of Nova Scotia
- Value
- $740 million
- Effective
- 2025-12-01
Exact text from the filing
On December 1, 2025 (the “Closing Date”), Valvoline Inc. (“Valvoline”) entered into an Incremental Amendment (the “Amendment”) among Valvoline, certain subsidiaries of Valvoline party thereto as guarantors, The Bank of Nova Scotia, as administrative agent (in such capacity, the “Administrative Agent”), and the lenders party thereto, which Amendment amended that certain Credit Agreement
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