Companhia Vale Do Rio Doce.COMPANHIA VALE DO RIO DOCE Summary Companhia Vale do Rio Doce (CVRD) is a global diversified mining company, the second largest mining company in the world, and the largest logistics operator in Brazil. , a Brazilian metals and mining company, secured a US$500 million revolving credit Revolving Credit A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs. line from a string of banks led by HSBC HSBC Hongkong and Shanghai Banking Corporation HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) , a U.K. financial institution, and Citigroup, a U.S. financial institution. The company will use the money from the five-year loan to complement shorter-term loans acquired in the past. |
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