Feb 21 (Reuters) - Fortescue Metals Group Ltd FMG.AX :
* FORTESCUE COMPLETES US$1.4 BILLION SYNDICATED TERM LOAN
* TERM LOAN'S PROCEEDS TO BE USED TO REDEEM PORTION OF CO'S 2022 SENIOR SECURED NOTES
* REDEMPTION OF PORTION OF 2022 SENIOR SECURED NOTES TO CUT ANNUAL BORROWING COSTS BY ABOUT US$80 MILLION