Tenaris Unit Loan Price Emerges

Maverick Tube Corporation, a part of the Techint Tenaris group, launched its $350m loan at a bank meeting in New York Tuesday. The 3-year amortizing loan pays a spread of Libor+225bp. Credit Agricole is admin agent and joint bookrunner and Citibank, JPMorgan, Bank of Tokyo-Mitsubishi and Itau are joint bookrunners, with Santander and Standard Chartered as senior MLAs. Maverick was acquired by Tenaris in 2006.