Hughes Hubbard Advises Banks in Vale Base Metal’s $1.5B Credit Facility

December 2024 – The firm advised a nine-bank group led by Crédit Agricole Corporate and Investment Bank on a $1.5 billion term loan credit facility to the Vale Base Metals Limited group, a subsidiary of Vale S.A. This was a landmark transaction for the group, which has operations across four continents focusing on the production of base metals essential for the energy transition, such as nickel, copper and cobalt. 

Partner Emilio Saiz led the Hughes Hubbard team, which included associate Santiago Diaz-Seijido and tax counsel Justin Cohen.