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Fortescue Prices Senior Unsecured Notes Offering

By Reuters News

Nov 5 (Reuters) - Fortescue Ltd FMG.AX:

  • FORTESCUE PRICES SENIOR UNSECURED NOTES OFFERING

  • PRICING OF AN OFFERING OF US$1,500 MILLION OF SENIOR UNSECURED NOTES AT A COUPON OF 7.0 PER CENT PER ANNUM

  • US$1,500 MILLION NOTES AT 7.0% COUPON, MATURING NOVEMBER 2032

  • PROCEEDS SWAPPED INTO CNH, EFFECTIVE INTEREST RATE ABOUT 3.9% PER ANNUM

  • NET PROCEEDS TO BE USED FOR GENERAL CORPORATE PURPOSES INCLUDING REPAYMENT OF INDEBTEDNESS

  • SETTLEMENT OF NOTES EXPECTED ON 12 NOVEMBER 2026

Further company coverage: FMG.AX

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