Vallourec reaches a major step with an agreement in principle on financial restructuring with main creditors einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
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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.