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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 geraisUnited statesFrance generalEdouard guinotteVictor parzyjaglaVallourec saSumitomo corporationFrench financial markets authority autoritCompany the bondsStrategic value partnersAd hoc groupApollo global management incBonds of the companyLucid issuer services limited attentionNippon steel corporationCompany on