Vale talks revolver terms

Vale talks revolver terms

Loans Debt Brazil

Brazil's Vale could come to terms with lenders for a $3bn revolving credit facility within the next month, an investor relations officer said. "We may have announcements related to this in a few weeks, when we announce our 2018 annual results," said Renata Capanema, an IR analyst at the mining company. Vale is scheduled to report its full-year financial results for 2018 on February 20. The company could pay a lower rate on the upcoming loan than it did for a $2bn revolver in June 2017, said a ba

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial