Valvoline Inc.’s Revolving Credit Facility and High‑Yield Senior Notes Offering
September 08, 2026
Cravath represented the administrative agent, joint lead arrangers and joint bookrunners in connection with a $600 million revolving credit facility made available to Valvoline Inc., a leader in automotive preventive maintenance delivering convenient and trusted services in its retail stores throughout the United States and Canada. The transaction closed on August 24, 2026.
Cravath also represented the initial purchasers in connection with the $600 million 144A/Reg. S high‑yield senior notes offering of Valvoline Inc. The transaction closed on August 24, 2026.
The Cravath team included partners Craig F. Arcella and Kelly M. Smercina and associates Harold C. King, Jessica Early, Debbie Park and Helen T. Yang on capital markets and financing matters; partner Arvind Ravichandran and associate Jonathan Jiang on tax matters; of counsel Felise Cooper on environmental matters; and associate Scarlett A. Neely on executive compensation and benefits matters.
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People
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J.D., 1998, Columbia Law SchoolHarlan Fiske Stone Scholar
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B.A., 1995, Duke University
- New York
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J.D., 2014, University of Michigan Law SchoolOrder of the Coif, summa cum laude
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B.A., 2011, University of Notre DamePhi Beta Kappa, summa cum laude
- New York
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J.D., 2012, Columbia Law School
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B.A., 2009, Columbia College
- New York
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J.D., 2003, Columbia Law SchoolHarlan Fiske Stone Scholar, cum laude
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B.A., 1998, Northwestern UniversityDepartmental Honors, magna cum laude
- New York
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