AI assistant
Vale S.A. — Capital/Financing Update 2020
Sep 29, 2020
30050_ffr_2020-09-29_8a3f100a-0c18-48b8-810c-b5e23b8ecfef.zip
Capital/Financing Update
Open in viewerOpens in your device viewer
Field: Rule-Page
Field: /Rule-Page
United States
Securities and Exchange Commission
Washington , D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the
Securities Exchange Act of 1934
For the month of
September 2020
Vale S.A.
Praia de Botafogo nº 186, 18º andar, Botafogo 22250-145 Rio de Janeiro, RJ, Brazil
(Address of principal executive office)
(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)
(Check One) Form 20-F x Form 40-F ¨
(Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1))
(Check One) Yes ¨ No x
(Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7))
(Check One) Yes ¨ No x
(Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)
(Check One) Yes ¨ No x
(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b). 82- .)
Field: Rule-Page
Field: /Rule-Page
Field: Page; Sequence: 1
Field: /Page
Vale informs about debt amortization
Rio de Janeiro, September 28 th , 2020 – Vale S.A. (Vale) updates on the press release issued on September 14th, 2020 and informs that, today, it repaid 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 amortization fully resets the available funding from the revolving credit lines to its original amount of US$ 5 billion.
Ever since the Covid-19 outbreak began, our highest priority is the health and safety of our employees. Our IR team adopted work-from-home, and as we continue to face these new circumstances, we strongly recommend you prioritize e-mail and online engagement.
For further information, please contact:
Ivan Fadel: [email protected]
Andre Werner: [email protected]
Mariana Rocha: [email protected]
Samir Bassil: [email protected]
This press release may include statements that present Vale’s expectations about future events or results. All statements, when based upon expectations about the future, involve various risks and uncertainties. Vale cannot guarantee that such statements will prove correct. These risks and uncertainties include factors related to the following: (a) the countries where we operate, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and in particular the factors discussed under “Forward-Looking Statements” and “Risk Factors” in Vale’s annual report on Form 20-F.
Field: Page; Sequence: 2
Field: /Page
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| (Registrant) | |
| By: | /s/ Ivan Fadel |
| Date: September 28, 2020 | Director of Investor Relations |
Field: Page; Sequence: 3; Options: Last
Field: /Page