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13
Sep
2016
Fortescue repays more debtBy:Creamer Media Senior Deputy Editor: Australasia CORPORATE ACTIVITY Iron-ore major Fortescue Metals has undertaken another round of debt reduction, with the miner issuing a $700-million repayment notice for its 2019 senior secured credit facility.
The company said on Tuesday that the term loan repayment would be made on September 16, and would generate interest savings of around $26-million a year.
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