Vallourec Prices Private Placement Of 6.625% Senior Notes, Due 2022 For US$469.3 Million

Published: Oct 09 2017
Deal Summary

Vallourec SA, a company that manufactures steel tube products for the energy industry, priced the private placement of 6.625% senior notes, due 2022, for gross proceeds of €400 million (MM) (US$469.3 MM). The placement was upsized from €300 MM (US$351.98 MM) to €400 MM (US$469.3 MM).

The company intends to use the proceeds from the placement to repay certain amounts drawn under its revolving credit facilities.

The placement is expected to be completed on October 18, 2017, subject to customary conditions.

Deal history

Pricing: On October 11, 2017, Vallourec priced the private placement of 6.625% senior notes, due 2022, for gross proceeds of €400 MM (US$469.3 MM).

Announced: On October 9, 2017, Vallourec agreed to issue senior notes, due 2022, for gross proceeds of €300 MM (US$351.98 MM), in a private placement.

You can receive free Monthly detailed “Deals Analysis Alerts” delivered directly to your
inbox – sign up below:

* Indicates Mandatory
*Name:  
*Company:  
*Email:    
*Country:  
*Phone Number:          
Comments:
  captcha refresh
Enter Captcha Code:    

Send to friend

*Your EmailID:    
Message:
*Friend's EmailID:    
  captcha refresh
Enter Captcha Code: