Vale in $1.5 Billion Offering

July 8, 2020

Cleary Gottlieb represented Vale S.A. (Vale) in a SEC-registered offering of $1.5 billion 3.75% global notes due 2030.

The notes were issued by Vale Overseas Limited and are unconditionally and irrevocably guaranteed by Vale. The notes will be listed on the New York Stock Exchange. The offering priced on July 6, 2020, and closed on July 8, 2020.

The firm has represented Vale for many years in significant SEC reporting, M&A, corporate governance, financing, litigation, and arbitration matters.