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Vale SA | 6-K: Vale announces pricing of cash tender offers for notes due 2036 and 2039

Vale SA | 6-K: Vale announces pricing of cash tender offers for notes due 2036 and 2039

淡水河谷 | 6-K:淡水河谷宣佈2036年和2039年到期票據的現金投標要約定價
美股sec公告 ·  07/10 17:25
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Vale SA, through its wholly owned subsidiary Vale Overseas Limited, has announced the pricing of its cash tender offers for notes due in 2036 and 2039, following press releases on June 25 and July 9, 2024. The offers, which are subject to terms and conditions detailed in the June 25 offer to purchase, aim to buy back up to a maximum aggregate principal amount of $500 million of the outstanding notes. The total consideration for notes tendered by the early tender date of July 9, 2024, includes an early tender payment, and the purchase price is determined by a fixed spread plus the yield-to-maturity of the applicable U.S. Treasury Security. Due to the oversubscription, only a portion of the 2036 and 2039 notes will be purchased, with none of the 2034 notes being accepted. Payments for accepted notes will be made on July 11, 2024, with the offers expiring on July 24, 2024. Vale has appointed BMO Capital Markets Corp., Citigroup Global Markets Inc., and other financial institutions as dealer managers for the transaction.
Vale SA, through its wholly owned subsidiary Vale Overseas Limited, has announced the pricing of its cash tender offers for notes due in 2036 and 2039, following press releases on June 25 and July 9, 2024. The offers, which are subject to terms and conditions detailed in the June 25 offer to purchase, aim to buy back up to a maximum aggregate principal amount of $500 million of the outstanding notes. The total consideration for notes tendered by the early tender date of July 9, 2024, includes an early tender payment, and the purchase price is determined by a fixed spread plus the yield-to-maturity of the applicable U.S. Treasury Security. Due to the oversubscription, only a portion of the 2036 and 2039 notes will be purchased, with none of the 2034 notes being accepted. Payments for accepted notes will be made on July 11, 2024, with the offers expiring on July 24, 2024. Vale has appointed BMO Capital Markets Corp., Citigroup Global Markets Inc., and other financial institutions as dealer managers for the transaction.
淡水河谷旗下全資子公司Vale Overseas Limited宣佈,根據2024年6月25日和7月9日發佈的新聞稿,對2036年和2039年到期的票據進行現金收購的定價已公佈。該收購計劃受6月25日收購要約中詳細說明的條款和條件的約束,旨在回購最高價值爲5000萬美元的未償還票據。提前收購日期爲2024年7月9日,提前收購的票據總額已包含提前收購款,而購買價格是由固定的點差和可適用的美國國債的到期收益率確定的。由於過度認購,只有2036年和2039年的一部分票據將被購回,而2034年的票據將不予接受。被接受的票據的付款將在2024年7月11日進行,收購計劃將於2024年7月24日到期。Vale已委託BMO Capital Markets corp.、花旗集團全球貨幣市場公司和其他金融機構擔任交易的交易經理。
淡水河谷旗下全資子公司Vale Overseas Limited宣佈,根據2024年6月25日和7月9日發佈的新聞稿,對2036年和2039年到期的票據進行現金收購的定價已公佈。該收購計劃受6月25日收購要約中詳細說明的條款和條件的約束,旨在回購最高價值爲5000萬美元的未償還票據。提前收購日期爲2024年7月9日,提前收購的票據總額已包含提前收購款,而購買價格是由固定的點差和可適用的美國國債的到期收益率確定的。由於過度認購,只有2036年和2039年的一部分票據將被購回,而2034年的票據將不予接受。被接受的票據的付款將在2024年7月11日進行,收購計劃將於2024年7月24日到期。Vale已委託BMO Capital Markets corp.、花旗集團全球貨幣市場公司和其他金融機構擔任交易的交易經理。
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