Vale S.A. Subsidiary Sets Tender Offer Pricing

Vale SA (VALE) has released an update.

Vale S.A.’s wholly owned subsidiary, Vale Overseas Limited, has announced the pricing details for its cash tender offers specifically for its notes due in 2036 and 2039, with a maximum aggregate principal amount of $500 million, excluding premiums and accrued unpaid interest. The offers, constrained by the stipulated terms and conditions, will see payments for the accepted notes made on July 11, 2024. Due to the excess in aggregate principal amount tendered by the early tender date, only a portion of the 2036 and 2039 notes will be purchased, with no 2034 notes being accepted.

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