An announcement from Vale SA ( (VALE) ) is now available.
On February 27, 2025, Vale S.A. announced an amendment to the Second Supplemental Indenture related to its 6.400% Guaranteed Notes due 2054. This amendment, executed with Vale Overseas Limited and The Bank of New York Mellon as Trustee, allows for the issuance of additional notes, increasing the aggregate principal amount to $1.75 billion. This strategic financial move aims to consolidate and strengthen Vale’s financial positioning by expanding its debt instruments, potentially impacting its stakeholders by enhancing liquidity and financial flexibility.
More about Vale SA
Vale S.A. is a Brazilian multinational corporation engaged in metals and mining, and one of the largest logistics operators in Brazil. The company is the largest producer of iron ore and nickel in the world and also produces manganese, ferroalloys, copper, bauxite, potash, kaolin, and cobalt. Vale is also involved in the production of energy and operates large logistics networks in Brazil.
YTD Price Performance: 9.91%
Average Trading Volume: 34,376,714
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $41.74B
Learn more about VALE stock on TipRanks’ Stock Analysis page.