Gibson Dunn Advises Dealer Managers in $450M Vale Notes Tender Offer.
Gibson, Dunn & Crutcher LLP has advised BMO Capital Markets, BofA Securities, Crédit Agricole Securities (USA), HSBC Securities (USA), and J.P. Morgan Securities as dealer managers in connection with Vale Overseas Limited’s cash tender offer for three series of its outstanding notes.
As part of the tender offer, Vale Overseas accepted for purchase:
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$103,462,000 aggregate principal amount of its 8.250% Guaranteed Notes due 2034
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$171,214,000 aggregate principal amount of its 6.875% Guaranteed Notes due 2039
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$54,765,000 aggregate principal amount of its 6.875% Guaranteed Notes due 2036
Vale, founded in 1942 in Brazil, is a global mining company and one of the world’s largest producers of iron ore and nickel. With operations across five continents, Vale supplies essential raw materials to key industries such as construction, energy, and electric vehicles.
The company also operates an extensive logistics network, including railways, ports, and terminals – to ensure efficient and sustainable delivery worldwide.
The Gibson Dunn team advising the dealer managers was led by partner J. Alan Bannister and of counsel Rodrigo Surcan, with support from associates Malakeh Hijazi and Vlad Zinovyev. Tax matters were handled by partner Michael Q. Cannon and associate Blake Hoerster.
Gibson, Dunn & Crutcher LLP is a prominent global law firm headquartered in Los Angeles, California. With a reputation for providing exceptional legal services to clients across various industries, the firm was founded in 1890 and operates more than 20 offices worldwide. Gibson Dunn offers expertise in areas such as corporate law, litigation, real estate, and regulatory matters. Known for its commitment to excellence, the firm represents multinational corporations, governments, and individuals, delivering innovative solutions to complex legal challenges. The firm is recognised for its strong focus on client relationships and its deep industry knowledge.
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