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FMG pays $US650M to refinance

FORTESCUE Metals Group has freed up its debt structure for the planned expansion of the company’s Pilbara operations, announcing yesterday the company’s project-based senior secured notes have been refinanced through a $A2.04 billion unsecured banking facility.

Nick Evans
FMG pays $US650M to refinance

The facility replaces the notes the company issued in 2006 to secure funding for its Chichester hub, a deal described at the time as the largest high-yield bond issue ever in the Asia-Pacific region. ...

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