Vale SA, through its wholly owned subsidiary Vale Overseas Limited, has initiated cash tender offers for three series of notes due in 2036, 2039, and 2034, with an aggregate principal amount of up to $500 million. The offers, which began on June 25, 2024, are not dependent on a minimum tender amount but are capped at the stated maximum principal amount, unless Vale Overseas decides to increase it. These offers are contingent upon the successful issuance of new debt securities by Vale Overseas, guaranteed by Vale SA, under satisfactory terms. The offers include an early tender premium of $50 per $1,000 principal amount for notes tendered by the early deadline of July 9, 2024. The final expiration of the offers is set for July 24, 2024, with the early settlement expected on...Show More

Vale SA, through its wholly owned subsidiary Vale Overseas Limited, has initiated cash tender offers for three series of notes due in 2036, 2039, and 2034, with an aggregate principal amount of up to $500 million. The offers, which began on June 25, 2024, are not dependent on a minimum tender amount but are capped at the stated maximum principal amount, unless Vale Overseas decides to increase it. These offers are contingent upon the successful issuance of new debt securities by Vale Overseas, guaranteed by Vale SA, under satisfactory terms. The offers include an early tender premium of $50 per $1,000 principal amount for notes tendered by the early deadline of July 9, 2024. The final expiration of the offers is set for July 24, 2024, with the early settlement expected on July 11, 2024, and the final settlement on July 26, 2024. Vale Overseas also plans to redeem all outstanding 6.250% Guaranteed Notes due 2026. The tender offers are being managed by BMO Capital Markets Corp., Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., HSBC Securities (USA) Inc., and MUFG Securities Americas Inc., with D.F. King & Co., Inc. serving as the tender and information agent.