Valvoline Inc, founded in 1866 and headquartered in Lexington, Kentucky, is a prominent provider of automotive maintenance products and services. The company primarily focuses on lubricants, including motor oils and automotive grease, catering to both retail and commercial markets.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| VVV 3.63% 2031-06-15 USDValvoline Inc | United States | 2031-06-15 | 3.625 | 5.21 |
| VVV 3.63% 2031-06-15 USDValvoline Inc | United States | 2031-06-15 | 3.625 | 5.35 |
| VVV 4.25% 2030-02-15 USDValvoline Inc | United States | 2030-02-15 | 4.250 | — |
| VVV 4.25% 2030-02-15 USDValvoline Inc | United States | 2030-02-15 | 4.250 | — |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Valvoline began issuing bonds in the 1990s, with significant issuances intended to support its growth strategies and operational expansions. Notably, the company executed a $300 million bond offering in 2020, which was used for capital expenditures and refinancing existing debt. Current bond yields for Valvoline's corporate bonds typically range around 4.5% to 5.0%, positioning them competitively within the lubricants industry. The bonds feature callable provisions that allow the company flexibility in managing debt, reflecting its proactive financial strategy amidst favorable market conditions.