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Vallourec announces €150 million tap of 6 5/8% notes due 2022
By Paul A. Harris
Portland, Ore., Oct. 23 – France-based Vallourec SA is in the market with a €150 million add-on to its 6 5/8% senior fixed-rate notes due 2022, according to a Monday stabilization notice.
Morgan Stanley & Co. International plc is the stabilizing manager.
The stabilization period is expected to start on Monday.
The Boulogne-Billancourt, France-based provider of industrial products and services previously issued €400 million of the 6 5/8% notes.
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