Vallourec extends maturity of EUR 400m debt facilities via RCF
Vallourec, world leader in premium tubular solutions, announces that it signed today a revolving credit facility for an amount of EUR 400 million, maturing in July 2019, plus a one-year extension option.
This facility granted to Vallourec SA will be available for general financing purposes of the Group. It replaces four undrawn bilateral lines maturing in July 2017 granted to Vallourec Tubes of EUR 100 million each.
The transaction was subscribed by a syndicate of four banks, BNP Paribas, Crédit Agricole Corporate and Investment Bank, Natixis and Société Générale Corporate & Investment Banking, underlying the confidence granted to the credit quality of Vallourec.