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24
Mar
2017
Fortescue pays down more debtBy:Creamer Media Senior Deputy Editor: Australasia CORPORATE ACTIVITY Iron-ore major Fortescue Metals has announced a $1-billion repayment of its 2019 term loan. CEO Nev Power on Friday said the $1-billion payment continues the company’s debt reductions strategy, lowering Fortescue’s all-in cost position and reducing the 2019 debt to less that $1-billion.
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