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Vallourec Secures €1B Credit Facility

Vallourec has secured a multi-currency revolving credit facility worth €1 billion.

Vallourec has secured a multi-currency revolving credit facility worth €1 billion. The new credit line of the French premium tubular solutions provider will mature in February 2016.

The loan will partially refinance the group’s existing credit lines, maturing in March 2012 and April 2013 and for other general corporate purposes. The lead arrangers for the loan include Banc of America Securities, Bank of Tokyo-Mitsubishi UFJ, Sumitomo Mitsui Banking Corporation Europe, Deutsche Bank, Barclays, Citi, Crédit duNord and Goldman Sachs.

Click here for the release from Vallourec.

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