Valvoline amends credit agreement, boosts revolver to $600 million
VVV•Credit facility amended and expanded
- Valvoline amended its revolving credit facility under its Second Amended and Restated Credit Agreement on Aug. 24, 2026.
- Revolver availability increased to $600 million from $475 million.
- Facility maturity extended to five years from Aug. 24, 2026.
- Maximum consolidated net leverage covenant raised to 5:1 from 4.5:1, stepping down to 4.75:1 then 4.5:1.
- The amendment adds flexibility to lift the ratio by 0.5:1 following a material acquisition.
