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Vallourec SA (VLLP.PA)

VLLP.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Vallourec Vallourec Is Considering Divesting Its "Drilling Products" Business
Monday, 11 Dec 2017 05:31pm EST 

Dec 11 (Reuters) - Vallourec Sa ::VALLOUREC : VALLOUREC IS CONSIDERING DIVESTING ITS "DRILLING PRODUCTS" BUSINESS.VALLOUREC - RECEIVED A BINDING OFFER FOR PURCHASE OF VALLOUREC DRILLING PRODUCTS BUSINESS, FOR A TOTAL CASH AMOUNT OF $63 MILLION.  Full Article

Vallourec Q3 net loss group share narrows to 119 million euros
Thursday, 9 Nov 2017 11:45am EST 

Nov 9 (Reuters) - VALLOUREC ::Q3 NET LOSS GROUP SHARE EUR 119 MILLION VERSUS LOSS OF EUR 160 MILLION YEAR AGO.Q3 REVENUE EUR 964‍​ MILLION VERSUS EUR 693 MILLION YEAR AGO.Q3 GROSS OPERATING INCOME EUR ‍​9 MILLION VERSUS LOSS OF EUR 52 MILLION YEAR AGO.SEES Q4 GROSS OPERATING RESULT OF BETWEEN LOSS OF EUR 20 MILLION AND BREAKEVEN.AT SEPTEMBER 30, 2017, CASH OR CASH EQUIVALENTS WAS EUR 992 MILLION.RAISES ITS GROSS OPERATING RESULT TARGET FOR FY 2017 TO BETWEEN LOSS OF EUR 30 MILLION AND LOSS OF EUR 10 MILLION.  Full Article

Vallourec offers 150 million euros additional senior notes
Monday, 23 Oct 2017 11:51am EDT 

Oct 23 (Reuters) - VALLOUREC ::VALLOUREC SA - SUCCESSFUL €150 MILLION ADDITIONAL SENIOR NOTES OFFERING.PRICES OFFERING OF EXTRA EUR 150 MILLION AGGREGATE PRINCIPAL AMOUNT OF 6.625% SENIOR NOTES DUE 2022 AT 102.5%​.‍ISSUANCE OF ADDITIONAL NOTES TO CLOSE ON OCT 26.​.  Full Article

Vallourec launches additional 2022 bond issue‍​
Monday, 23 Oct 2017 02:22am EDT 

Oct 23 (Reuters) - VALLOUREC : :LAUNCHES ADDITIONAL 2022 BOND ISSUE‍​.BONDS WITH ANNUAL COUPON OF 6.625 PCT‍​.BOND ISSUE FOR TOTAL OF EUR 150 MILLION ‍​.  Full Article

Vallourec upsizes senior notes offering to 400 million euros
Wednesday, 11 Oct 2017 11:44am EDT 

Oct 11 (Reuters) - VALLOUREC SA ::SUCCESSFULLY PRICES €400 MILLION AGGREGATE PRINCIPAL AMOUNT OF ITS SENIOR NOTES DUE 2022‍​.OFFERING WAS UPSIZED FROM THE €300,000,000 AMOUNT ANNOUNCED ON OCTOBER 9‍​.ISSUANCE OF THE NOTES IS EXPECTED TO CLOSE ON 18 OCTOBER 2017..PRICED THE OFFERING OF €400,000,000 AGGREGATE PRINCIPAL AMOUNT OF ITS SENIOR NOTES DUE 2022 AT A COUPON OF 6.625% PER ANNUM‍​.  Full Article

Vallourec places convertible bonds worth 250 million euros
Wednesday, 27 Sep 2017 09:44am EDT 

Sept 27 (Reuters) - VALLOUREC ::SUCCESSFULLY LAUNCHES 2022 CONVERTIBLE BONDS WORTH EUR 250 MILLION.  Full Article

Vallourec launches a 2022 OCEANE convertible bond with an initial amount of 170 million euros
Wednesday, 27 Sep 2017 02:22am EDT 

Sept 27 (Reuters) - VALLOUREC SA ::LAUNCHES A 2022 OCEANE CONVERTIBLE BOND WITH AN INITIAL AMOUNT OF € 170 MILLION, WHICH MAY BE INCREASED TO € 200 MILLION.THE SETTLEMENT OF THE BONDS IS SCHEDULED FOR OCTOBER 4TH 2017.‍​.BONDS TO BE ISSUED AT PAR AND BEAR INTEREST AT ANNUAL RATE OF BETWEEN 3.75% AND 4.50% PAYABLE SEMI ANNUALLY IN ARREARS ON APRIL 4 AND OCTOBER 4 OF EACH YEAR FROM APRIL 4, 2018.‍​.  Full Article

Vallourec signs contract with Shell joint venture Bapetco in Egypt
Thursday, 21 Sep 2017 02:33am EDT 

Sept 21 (Reuters) - VALLOUREC ::REG-VALLOUREC : VALLOUREC SIGNS CONTRACT WITH BAPETCO, A SHELL JV IN EGYPT.VALLOUREC SIGNS CONTRACT WITH BAPETCO, A SHELL JV IN EGYPT.‍THIS AGREEMENT CONCERNS SUPPLY OF TUBULAR SOLUTIONS (OCTG) FOR 60 TO 70 GAS WELLS OF AN ONSHORE PROJECT IN WESTERN DESERT OF EGYPT​.  Full Article

Vallourec upbeat on U.S outlook, shares rally
Wednesday, 13 Sep 2017 03:52am EDT 

Sept 13 (Reuters) - Vallourec ::* Management board's chairman Philippe Crouzet tells reporters that U.S. demand is strong.* Crouzet says the number of U.S drilling supplies should be at a level that is above forecasts by the end of 2017.* Crouzet says U.S. clients have not shown any drop-off in demand.* Vallourec shares up 4.6 pct, top performing stock on France's SBF-120 index .SBF120.  Full Article

Vallourec Q2 net loss group share narrows to 128‍​ million euros
Wednesday, 26 Jul 2017 11:45am EDT 

July 26 (Reuters) - VALLOUREC ::Q2 REVENUE EUR 933‍​ MILLION VERSUS EUR 763 MILLION YEAR AGO.Q2 EBITDA PROFIT EUR ‍​3 MILLION VERSUS LOSS OF EUR 32 MILLION YEAR AGO.Q2 NET LOSS GROUP SHARE EUR 128‍​ MILLION VERSUS LOSS OF EUR 131 MILLION YEAR AGO.CASH POSITION AS AT JUNE 30, 2017 AMOUNTED TO EUR 867 MILLION.AT 30 JUNE 2017, SHORT-TERM DEBT AMOUNTED TO EUR 1.42 BILLION.REVISES FY 2017 EBITDA TARGETED IMPROVEMENT TO + EUR 175 MILLION FROM + EUR 125 MILLION VERSUS 2016.EXPECTS TRANSFORMATION PLAN INITIATIVES TO GENERATE SIGNIFICANT SAVINGS OVER THE YEAR, IN LINE WITH ITS OBJECTIVES.DOES NOT EXPECT SIGNIFICANT CHANGES IN ITS OTHER BUSINESSES, WHERE ENVIRONMENT WILL STAY VERY COMPETITIVE.EXPECTS TO IMPROVE H2 REVENUE AND RESULTS IN NORTH AMERICA COMPARED WITH H1.  Full Article

BRIEF-Vallourec Vallourec Is Considering Divesting Its "Drilling Products" Business

* VALLOUREC : VALLOUREC IS CONSIDERING DIVESTING ITS "DRILLING PRODUCTS" BUSINESS