Vallourec signs revolving credit facility

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

Published on 22/09/2015


Get your FREE Oilfield Technology magazine »

Get your FREE trial of Hydrocarbon Engineering magazine »

Get your FREE trial of World Pipelines magazine »


 
 

Related articles

Eclipse Magnetics: magnetic filter to cut costs for Vallourec

Vallourec has saved £1000 per week using Eclipse Magnetic’s fully automated magnetic filter.

Penn Virginia Corp announces closing of sale of East Texas assets

Pro forma liquidity of approximately US$260 Million and pro forma total debt ratio of 3.6 time.

Vallourec's full year 2014 results

Vallourec, world leader in premium tubular solutions, has announced its results for the full year 2014.

Recommend magazines

  World Pipelines