Vale informs on disbursement of its revolving credit lines
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Vale informs on disbursement of its revolving credit lines
Vale informs on the decision to disburse US$ 5 billion from its Revolving Credit Lines maturing June 2022 (US$ 2 bn) and December 2024 (US$ 3 bn).
In making the decision, the Company assessed the increased risks presented to the business by the COVID-19 pandemic and concluded that it would be prudent to take advantage of its strong balance sheet to navigate through the next few months with increased cash reserves.
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