March 24 (Reuters) - Fortescue Metals Group Ltd FMG.AX :
* Fortescue announces US$1 bln repayment of 2019 term loan
* Issued a US$1.0 billion repayment notice for 2019 senior secured credit facility
* "This US$1.0 billion payment continues our debt reduction strategy lowering our all in cost position and reducing 2019 debt to less than US$1.0 billion."
* "Will continue to prioritise free cash flow for debt reduction"
* Following this repayment, outstanding balance of 2019 term loan will be reduced to US$976 million
* Term loan repayment will generate annual interest savings of approximately US$38 million Source text for Eikon: ID:nASX24tmYc Further company coverage: FMG.AX