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.
Medium and long-term lines of credit
On 31 December 2019, Vallourec had €2.1 billion in confirmed medium and long-term lines of credit.
For instance, the group has: