Vale SA (VALE) has released an update.
Vale Overseas Limited, a subsidiary of Vale S.A., has reported the early tender results for its cash tender offers targeting notes due in 2036, 2039, and 2034, with a cap of $500 million excluding premiums and accrued interest. As the offers were oversubscribed, only a portion of the 2036 and 2039 notes were accepted, with none of the 2034 notes being purchased. Final details and payments for the accepted notes are to be completed by July 11, 2024, following the oversubscribed offers which closed on July 9, 2024.
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