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BRIEF-FMG announces further US$1.0 bln repayment of 2019 term loan

Published 16/12/2016, 08:34 am
BRIEF-FMG announces further US$1.0 bln repayment of 2019 term loan
FMG
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Dec 16 (Reuters) - Fortescue Metals Group Ltd FMG.AX :

* Has issued a US$1.0 bln repayment notice for 2019 senior secured credit facility

* Fortescue's nearest debt maturity is in june 2019 and is now less than us$2.0 billion

* US$1.0 billion repayment of term loan will be made at par on Friday 23 december 2016 resulting in annual interest savings of about US$38 million

* "US$1.0 billion payment is a continuation of our focussed debt repayment strategy and further lowers our total cost position" Source text for Eikon: Further company coverage: FMG.AX

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