Vallourec – world leader in premium tubular solutions – announced that it signed a revolving credit facility for an amount of €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 €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.
Edited from source by Stephanie Roker