Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Iron-ore major Fortescue Metals on Wednesday scrapped the $2.5-billion senior secured note offering and refinancing plan, blaming volatile credit markets. Fortescue had planned to launch a $2.5-billion senior secured debt issue, and offered holders of its 2017, 2018 and 2019 senior unsecured notes the opportunity to tender their notes for repurchase, subject to a cap on the 2019 notes.
Iron-ore major Fortescue Metals on Wednesday scrapped the $2.5-billion senior secured note offering and refinancing plan, blaming volatile credit markets. Fortescue had planned to launch a $2.5-billion senior secured debt issue, and offered holders of its 2017, 2018 and 2019 senior unsecured notes the opportunity to tender their notes for repurchase, subject to a cap on the 2019 notes.
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