Brazil’s Vale takes in tenders for $977.13 million of 5 5/8% notes

New York, June 21 – Vale SA received tenders for $977,132,000 of its $1.5 billion of outstanding 5 5/8% notes due 2042, according to a news release.

A further $29,261,000 of notes were tendered under guaranteed delivery procedures.

All validly tendered notes were accepted for purchase.

Settlement of the tender offer is planned for June 26 or June 28 for tenders under guaranteed delivery procedures.

Vale began the tender on June 14, offering $1,017.50 per $1,000 of notes tendered, plus accrued interest up to but excluding the settlement date.

The offer expired at 5 p.m. ET on June 21.

BNP Paribas Securities Corp. (212 841-3059 or 888 210-4358), J.P. Morgan Securities LLC (212 834-7279 or 866 846-2874), Mizuho Securities USA LLC (212 205-7736 or 866 271-7403) and Santander Investment Securities Inc. (212 940-1442 or 855 404-3636) are dealer managers. D.F. King (212 269-5550 or 866 796-7184) is tender and information agent.

Vale is a Rio de Janeiro-based metals and mining company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.