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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Vale SA | BOV:VALE3 | Bovespa | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.76 | 1.18% | 64.94 | 64.93 | 64.96 | 65.18 | 64.60 | 64.75 | 8,026,500 | 15:08:33 |
From May 2019 to May 2024
By Jeffrey T. Lewis
SAO PAULO--Brazilian iron-mining giant Vale SA said Monday it will repay the outstanding balance of a $5 billion credit it took from a revolving credit line in March, at the start of the country's coronavirus pandemic.
The company said in March that it would be prudent to take advantage of its strong balance sheet and take the cash amid the increased risks to its business presented by the health crisis.
The company got the money from two credit lines, one for $2 billion maturing in June, 2022 and one for $3 billion maturing in December of 2024, Vale said in its statement.
The pandemic had an impact on Vale's operations, reducing output of iron ore by about 3.5 million metric tons in the second quarter, out of total production of 67.5 million tons in the period.
Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com
(END) Dow Jones Newswires
September 14, 2020 10:18 ET (14:18 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
1 Year VALE ON Chart |
1 Month VALE ON Chart |
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