---
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"
generated_at: "2026-05-16T15:53:44.229243+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Valvoline closes $593M Breeze Autocare buy, funds via $740M term loan, divests 45 stores

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001674910-25-000136
- JSON: https://secwatch.observer/filing/0001674910-25-000136.json
- Plain text: https://secwatch.observer/filing/0001674910-25-000136.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1674910/000167491025000136/0001674910-25-000136-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.