INCO – Exercising USD250 mn greenshoe option

INCO – Exercising USD250 mn greenshoe option Vale Indonesia (INCO) has exercised USD250 mn greenshoe option from its existing revolving credit facility, as announced on 24 Apr ‘26. The additional funding is provided by a syndicate of global banks, including DBS Bank, Mizuho Bank, and UOB. Following this exercise, the total credit facility has increased to USD750 mn. INCO plans to utilize the funds for general corporate purposes, primarily for capital expenditure and working capital to support ongoing operations and project development. (Source : Idx Channel)