Vale SA (VALE) has released an update.
Vale S.A. has entered into a Second Supplemental Indenture as of June 28, 2024, to issue a new series of 6.400% Guaranteed Notes due 2054, with a US$1,000,000,000 principal amount. The indenture, guaranteed by Vale S.A. and facilitated by The Bank of New York Mellon as Trustee, confirms and reinforces the terms set out in the original Base Indenture from August 4, 2021. This move is aimed at setting forth the specific terms and provisions of the new notes for the benefit of the holders and the Trustee.
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