18
Nov
09:12
Vallourec enters debt restructuring talks
Vallourec has entered negotiations with creditors, following the announcement in September of its debt restructuring, Kallanish learns from the French pipemaker.
Vallourec intends to restructure its debt, which amounted to €3.5 billion ($4.1 billion) as of 30 September. €1.7 billion of this debt will mature in February 2021.
The firm confirms it wants to reduce its debt by slightly over -50%, by way of a debt-to-equity conversion. “The discussions…
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Anonymous
Very good overview of the weekly steel market.
Anonymous