Valvoline’s $1.05 Billion Credit Facilities

Cravath represented Citibank, N.A., as lead arranger, in connection with the arrangement of $1.05 billion of credit facilities made available to Valvoline Inc.

The facilities consisted of a $575 million term loan facility and a $475 million revolving credit facility. The transaction closed on April 12, 2019.

Valvoline Inc. is one of the most recognized and respected premium consumer brands in the global automotive lubricant industry.

The Cravath team included partner Joseph D. Zavaglia and associates Holden K. Sumner and Shawn M. Quinn on banking matters; and practice area attorney Janet L. Lewis on real estate matters.

Involved fees earner: Janet Lewis – Cravath Swaine & Moore; Shawn Quinn – Cravath Swaine & Moore; Holden Sumner – Cravath Swaine & Moore; Joseph Zavaglia – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Valvoline Inc.;