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BRIEF-Fortescue Metals announces US$750 million offer to repay debt

Published 11/11/2015, 08:39 am
Updated 11/11/2015, 08:40 am
© Reuters.  BRIEF-Fortescue Metals announces US$750 million offer to repay debt
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Nov 11 (Reuters) - Fortescue Metals Group Ltd FMG.AX :

* Fortescue announces US$750 million offer to repay debt FMG.AX

* Says company has offered to purchase up to US$750 million in aggregate principal via a modified Dutch auction

* Tender will further reduce our interest costs while ensuring that we remain on track to achieve our initial gearing target of 40 percent"

* Noted that a tender offer is commonplace in the US debt capital market and will be finalised over the next few weeks

* Source text for Eikon ID:nASX47MwFn

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