White & Case advised initial purchasers on Vale Overseas Limited’s US$750 million offering of subordinated, dated, fixed-to-reset notes due 2056

White & Case advised initial purchasers on Vale Overseas Limited’s US$750 million offering of subordinated, dated, fixed-to-reset notes due 2056

Global Leading Law firm White & Case LLP has advised Citigroup, BofA Securities, HSBC and J.P. Morgan, as global coordinators, and BTG Pactual, Morgan Stanley, MUFG, RBC Capital Markets, SMBC and UBS Investment Bank, as joint bookrunners, on Vale Overseas Limited's US$750 million aggregate principal amount of subordinated dated fixed to reset notes due 2056.

The net proceeds of the notes are intended to be used for general corporate purposes, including but not limited to replenishing a part of the company's cash on-hand following the payment of the purchase price of Vale S.A.'s participating debentures acquired pursuant to a tender offer in Brazil.

The White & Case LLP team was led by Donald Baker (Partner), John Guzman (Partner), Chad S. McCormick (Partner), and Thor Fielland (Associate)

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