Gibson Dunn Represented Five Dealer Managers in $450 Million Cash Tender Offer by Vale Overseas Limited

Firm News  |  April 10, 2025

Gibson Dunn represented BMO Capital Markets, BofA Securities, Credit Agricole Securities (USA), HSBC Securities (USA), and J.P. Morgan Securities as dealer managers in connection with the tender offer by Vale Overseas Limited to purchase for cash Vale Overseas outstanding 8.250% Guaranteed Notes due 2034, 6.875% Guaranteed Notes due 2039, and 6.875% Guaranteed Notes due 2036.

Vale Overseas accepted for purchase $103,462,000 aggregate principal amount of the 2034 Notes, $171,214,000 aggregate principal amount of the 2039 Notes, and $54,765,000 aggregate principal amount of the 2036 Notes.

The Gibson Dunn team was led by partner J. Alan Bannister and of counsel Rodrigo Surcan and included associates Malakeh Hijazi and Vlad Zinovyev. Partner Michael Q. Cannon and associate Blake Hoerster advised on tax matters.