Tenaris Unit Plans Loan

Maverick Tube Corporation, a part of the Techint Tenaris group, is scheduled to hold a bank meeting in New York May 8, as it seeks to raise a 3-year, $350m senior secured term loan. Credit Agricole is admin agent and joint bookrunner and Citibank, JPMorgan, Bank of Tokyo-Mitsubishi and Itau are joint bookrunners. The spread to Libor has not been disclosed. Maverick was acquired by Tenaris in 2006.