Tuesday 17 March 2015

Otmane El Rhazi : Fortescue launches $2.5bn note offering

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.



Iron-ore miner Fortescue on Tuesday launched a $2.5-billoion senior secured note offering to fund the repayment of its 2017, 2018 and a portion of its 2019 senior unsecured notes. The miner told shareholders that the new senior secured note offering would extend the company’s debt maturity profile.

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