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MarketScreener Homepage  >  Equities  >  Bolsa de Valores de Sao Paulo  >  Vale S.A.    VALE3   BRVALEACNOR0

VALE S.A.

(VALE3)
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Vale S A : 09/28/2020 Vale informs about debt amortization

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09/28/2020 | 05:55pm EDT

9/28/2020

Vale informs about debt amortization
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Rio de Janeiro, September 28th, 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:

Vale.RI@vale.com
Ivan Fadel: ivan.fadel@vale.com
Andre Werner: andre.werner@vale.com
Mariana Rocha: mariana.rocha@vale.com
Samir Bassil: samir.bassil@vale.com

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.

​​

Disclaimer

Vale SA published this content on 28 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2020 21:54:07 UTC


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Financials (USD)
Sales 2020 37 008 M - -
Net income 2020 8 738 M - -
Net Debt 2020 3 516 M - -
P/E ratio 2020 6,72x
Yield 2020 3,07%
Capitalization 56 595 M 56 881 M -
EV / Sales 2020 1,62x
EV / Sales 2021 1,50x
Nbr of Employees 79 646
Free-Float 76,8%
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Mean consensus BUY
Number of Analysts 7
Average target price 14,99 $
Last Close Price 11,03 $
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Eduardo Bartolomeo Chief Executive Officer
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Luciano Siani Pires Executive Director-Finance & Investor Relations
Oscar Augusto de Camargo Filho Director
Marcel Juviniano Barros Director
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