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Vallourec receives consent on restructuring for notes due 2022, 2023
By Taylor Fox
New York, Sept. 21 – Vallourec SA received the requisite consents for its U.S.-law governed bonds due in October 2022 (ISIN: XS1700480160) and October 2023 (ISIN: XS1807435026) on Sept. 18, according to a news release.
As previously reported, the company requested consents from bondholders and lenders in connection with discussions to be held with all stakeholders on a financial restructuring and potential appointment of a mandataire ad hoc.
Vallourec intends to request, as soon as practicable, the appointment of a mandataire ad hoc.
Vallourec also obtained the authorizations from its banks to start discussions with respect to its financial restructuring.
Vallourec is a Boulogne-Billancourt, France-based provider of industrial products and services.
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