Valvoline to call remaining 4¼% senior notes due 2030

By Marisa Wong

Los Angeles, April 16 – Valvoline, Inc. intends to issue a notice of redemption to holders of its 4¼% senior notes due 2030 (Cusip: 92047WAD3, U92147AB0), according to an 8-K filing with the Securities and Exchange Commission.

The company will redeem all of the notes that were not tendered and accepted for purchase under the tender offer that settled on Tuesday.

Under the March 14 tender offer, the company accepted for purchase $598,307,000 of the $600 million of notes outstanding at the start of the offer.

Valvoline is a Lexington, Ky.-based supplier of automotive lubricants.

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