Vale informs about debt amortization
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Vale informs about debt amortization
Vale informs that it notified creditors that it will repay the outstanding balance of US$ 5 billion from its revolving credit lines maturing in June 2022 (US$ 2 billion) and in December 2024 (US$ 3 billion), which were disbursed in March 2020.
The above mentioned amortization is consistent with Vale’s strategy, fully resetting the available funding from the revolving credit lines to its original amount of US$ 5 billion.
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