Vallourec Completes 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, completed 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.

Deal history

Completed: On October 18, 2017, Vallourec completed the private placement of 6.625% senior notes, due 2022, for gross proceeds of €400 million (MM) (US$469.3 MM).

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.

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