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Vallourec reaches a major step with an agreement in principle on financial restructuring with main creditors

Vallourec reaches a major step with an agreement in principle on financial restructuring with main creditors
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Vallourec reaches a major step with an agreement in principle on financial restructuring with ...

Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Vallourec reaches a major step with an agreement in principle on financial restructuring with .
VALLOURECFebruary 3, 2021 GMT
Vallourec reaches a major step with an agreement in principle on financial restructuring with main creditors
Boulogne-Billancourt (France), February 3, 2021 – Vallourec announces that it has reached a major step in its financial restructuring, with an agreement in principle (“Agreement in Principle”) with its main creditors. This agreement meets the Company’s objectives to rebalance its capital structure by reducing its debt and securing the necessary liquidity that will enable the Company to implement its strategic plan in a volatile market environment. ....

Minas Gerais , United States , France General , Edouard Guinotte , Victor Parzyjagla , Vallourec Sa , Sumitomo Corporation , French Financial Markets Authority Autorit , Company The Bonds , Strategic Value Partners , Ad Hoc Group , Apollo Global Management Inc , Bonds Of The Company , Lucid Issuer Services Limited Attention , Nippon Steel Corporation , Company On , Bpifrance Participations , Commercial Court , Tribunal De Commerce Nanterre , Commercial Banks , Restructured Interest , Completion Date , Reserved Share Capital Increase , Rights Issue , Olivier Mallet , Steel Corporation ,