Vallourec: discussions to convert debt into capital

Vallourec: discussions to convert debt into capital
Vallourec: discussions to convert debt into capital

( – Following press articles reporting discussions with its creditors, Vallourec confirms that it is seeking from them a reduction in its debt for an amount slightly above 50% by means of a capital conversion .

The manufacturer of seamless tubes recalls having approached them, as part of the ad hoc mandate procedure that it opened, with a view to restructuring its debt of 3.5 billion euros at September 30, 2020, of which 1.7 billion maturing in February 2021.

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