BB&T Capital Markets Serves as Co-Manager for Valvoline Inc.'s $400 Million 4.375% Senior Notes due 2025
On August 3, 2017, BB&T Capital Markets served as a co-manager for an offering of $400 million 4.375% senior unsecured notes due 2025 by Valvoline.
Proceeds from the offering will be used for voluntary contributions to their tax-qualified U.S. domestic pension plan.
About the Companies
Valvoline Inc. manufactures and markets automotive and industrial lubricants. The company operates through three segments: Core North America, Quick Lubes, and International. The company offers lubricants for passenger car/light duty and heavy duty; antifreeze/coolants for original equipment manufacturers; functional and maintenance chemicals, such as brake fluids and power steering fluids, as well as specialty coatings for automotive and industrial applications comprising rust prevention, sound absorption, and release agents; and oil and air filters for light-duty vehicles. Valvoline also provides windshield wiper blades, light bulbs, serpentine belts, and drain plugs.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.