{"schema_version":"secwatch.filing_event.v1","accession":"0001674910-25-000136","form_type":"8-K","ticker":"VVV","cik":"0001674910","company_name":"VALVOLINE INC","filed_at":"2025-12-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.116725+00:00","generated_at":"2026-05-16T15:53:44.229243+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Valvoline closes $593M Breeze Autocare buy, funds via $740M term loan, divests 45 stores","bullets":["Net purchase price of $593M for OC IntermediateCo, owner of Breeze Autocare and Oil Changers quick-lube stores.","Acquisition funded by new $740M incremental term loan B (SOFR+2.0%, 7-year maturity).","Divested 45 Breeze Autocare stores to Main Street Auto Express Oil as required by FTC clearance.","CEO Lori Flees says deal accelerates network growth and expands customer reach."],"urls":{"canonical":"https://secwatch.observer/filing/0001674910-25-000136","json":"https://secwatch.observer/filing/0001674910-25-000136.json","markdown":"https://secwatch.observer/filing/0001674910-25-000136.md","text":"https://secwatch.observer/filing/0001674910-25-000136.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1674910/000167491025000136/0001674910-25-000136-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1674910/000167491025000136/vvv-20251201.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T15:53:44.229243+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3ba73f48d20dcf04a65e72203b247c10a412a88b","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674910/000167491025000136/0001674910-25-000136-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$740 million"},{"label":"Counterparty","value":"The Bank of Nova Scotia"},{"label":"Rate","value":"adjusted term SOFR plus 2.000% per annum"},{"label":"Maturity","value":"seventh anniversary of the Closing Date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}