Fortescue’s Debt War Chest Swells to $1.5 Billion

  • Iron ore producer’s options include buybacks, refinancing: CFO
  • Lowering interest charges is key to efforts to lower costs

Fortescue Metals Group Ltd. said it is weighing options from refinancing to fresh bond buybacks as its war chest for reducing debt swells to $1.5 billion and iron ore rallies.

The world’s fourth-largest supplier of the steelmaking material is committed to cutting its $5.9 billion net debt pile and sees a wider range of possibilities as sentiment improves across commodities markets, Chief Financial Officer Stephen Pearce said in an interview…

Fortescue’s Debt War Chest Swells to $1.5 Billion

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