Valvoline has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). No pricing details were listed in the filing, but the offering is valued up to $100 million in revenue, although this number is usually just a placeholder. The company intends to list its shares on the New York Stock Exchange under the symbol VVV.

The underwriters for the offering are Merrill Lynch, Citigroup and Morgan Stanley.

Valvoline is one of the most recognized and respected premium consumer brands in the global automotive lubricant industry, known for its high-quality products and superior levels of service. Established in 1866, the company’s heritage spans 150 years, during which it has developed powerful name recognition across multiple product and service channels. Valvoline has significant positions in the United States in all the key lubricant sales channels, and it also has a strong international presence with products sold in roughly 140 countries.

In the United States and Canada, these products are sold to consumers through over 30,000 retail outlets, to installer customers with over 12,000 locations, and to approximately 1,050 Valvoline branded franchised and company-owned stores. Valvoline serves its customer base through an extensive sales force and technical support organization, allowing it to leverage its technology portfolio and customer relationships globally, while meeting customer demands locally.

In the filing, Valvoline described its finances as follows:

In fiscal 2015, we generated approximately $2.0 billion in sales, $422 million in Adjusted EBITDA and $196 million in net income. During the same period, our Adjusted EBITDA margin, which we define as Adjusted EBITDA as a percentage of sales, was 21.5%. In addition, we generated free cash flow of $285 million and cash flows provided by operating activities of $330 million during fiscal 2015.

The company intends to use the net proceeds from this offering to repay its indebtedness and for general corporate purposes.

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