Vallourec Completes Notes Offering, Entry Into Revolving Credit Facility and Upsize of Asset-Based Lending Facility

Paul, Weiss advised France-based Vallourec S.A., a leading premium tubes provider, in its offering of $820 million of senior notes due 2032, its entry into a €550 million multi-currency revolving credit facility and the upsize of its $350 million asset-based lending facility in the United States. These transactions are part of Vallourec’s holistic refinancing of its balance sheet.

The Paul, Weiss team included, among others, corporate partners David Carmona, Matthew Friedman and Brian Kim, and counsel Joseph Friedman; tax partner Cian O’Connor, and counsel Jamie Chambers; litigation partner John Carlin; intellectual property counsel Elana Bensoul; and international trade counsel Richard Elliott.