Vale agrees syndicated revolver

Vale agrees syndicated revolver

Brazil Loans

Brazil's Vale is set to close a syndicated revolving credit facility for $2bn with 18 banks, sources told LatinFinance.Four bookrunners – Citi, Credit Agricole, RBC and Scotiabank – contributed $135m apiece to the five-year facility, while six mandated lead arrangers put in $125m each, five lead managers provided $100m each and three managers added $70m each, sources said.Credit Agricole is the administrative agent. The sources did not identify the other banks in the syndicated loan.Ot

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