Valvoline Inc. (NYSE:VVV) stock identified change of 89.40% away from 52-week low price and recently located move of -28.20% off 52-week high price. It has market worth of $3.34BM and dividend yield of 2.62%. VVV stock has been recorded 13.88% away from 50 day moving average and -14.94% away from 200 day moving average. Moving closer, we can see that shares have been trading 11.60% off 20-day moving average.
On May 08, 2020, Valvoline Inc. (NYSE:VVV) revealed that it has priced its previously disclosed offering of 4.375% Senior Notes due 2025 (the Notes), as an add-on to its existing issue in such series of $400 million (the Existing 2025 Notes) and upsized the offering from $300 million to $400 million aggregate principal amount. The Notes priced at 99.500% of their principal amount plus accrued and unpaid interest from February 15, 2020. The Notes will have the same terms as the Existing 2025 Notes, except that the Existing 2025 Notes are registered under the Securities Act of 1933, as amended (the Securities Act), and certain transfer restrictions, registration rights and additional interest provisions that will apply to the Notes do not apply to the Existing 2025 Notes. The Notes will be unsecured unsubordinated obligations of Valvoline. Each of Valvoline’s subsidiaries that guarantees Valvoline’s obligations under its existing senior secured credit facilities will guarantee the Notes on an unsubordinated unsecured basis. Valvoline intends to use all of the net proceeds from this offering to repay borrowings under its senior secured revolving credit facility. The offering is expected to close on May 22, 2020, subject to customary closing conditions.
The Notes will be offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. The Notes have not been registered under the Securities Act and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements.
This news release shall not constitute an offer to sell, or a solicitation of an offer to buy the Notes. No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful.
The Energy sector company, Valvoline Inc. noticed change of 2.57% to $17.16 along volume of 1819239 shares in recent session compared to an average volume of 2.60M. The stock observed return of 3.06% in 5 days trading activity. The stock was at 25.26% over one month performance. VVV’s shares are at -24.64% for the quarter and driving a -5.45% return over the course of the past year and is now at -19.85% since this point in 2018.
The average volatility for the week at 5.85% and for month was at 5.66%. There are 194.56M shares outstanding and 187.72M shares are floated in market. Right now the stock beta is 1.5.