Vallourec’s debt is rated by credit rating agency Standard & Poor’s.
Commercial paper program. On 12 October 2011, Vallourec implemented a commercial paper program to satisfy its short-term needs.
This program was updated on 04 June 2019, and its main characteristics are as follows:
* (*) The coupon payable each year on 30 September is 2.25% of the bond’s face value per year.
Lines of credit
On 30 June 2020, Vallourec had €1.9 billion in confirmed lines of credit.
For instance, the group has: