VALLOUREC ANNOUNCES PARTIAL REDEMPTION OF SENIOR NOTES DUE 2032

Core Viewpoint - Vallourec announces a partial redemption of its senior notes maturing in 2032 for an amount of $82 million, which corresponds to 10% of the total principal amount of the notes [1][2]. Group 1: Financial Impact - The redemption of the notes is aimed at optimizing the Group's capital structure and reducing borrowing costs [2]. - Vallourec reaffirms its target of distributing 80-100% of total cash generation to shareholders, indicating that this transaction will not materially affect the amount available for such distributions [2]. Group 2: Redemption Details - The notes will be redeemed at a price equal to 103% of the principal amount, plus any accrued and unpaid interest, with the redemption date set for September 13, 2025 [3]. - Payment related to this redemption will occur on the business day following the redemption date, specifically on September 15, 2025 [3]. Group 3: Management Commentary - Philippe Guillemot, Chairman and CEO, stated that this transaction is a step towards capital structure optimization and demonstrates the company's commitment to maintaining a strong balance sheet with low leverage and high liquidity [4]. Group 4: Company Overview - Vallourec is a leader in premium tubular solutions for energy markets and demanding industrial applications, employing nearly 13,000 people across more than 20 countries [7]. - The company focuses on delivering innovative and competitive tubular solutions, emphasizing its commitment to R&D and technological advancement [7]. Group 5: Market Position - Vallourec is listed on Euronext in Paris and is part of several indices, including CAC Mid 60 and SBF 120, with an established Level 1 American Depositary Receipt (ADR) program in the United States [8].