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FMG ramps up debt reduction

ANOTHER $US650 million loan repayment by Fortescue Metals Group has taken total debt reduction in the past week alone to over $1.1 billion.

Kristie Batten
FMG ramps up debt reduction

The company issued a $650 million repayment notice for its 2019 senior secured term loan, to be made on Monday at par from accumulated cash. It will save FMG an additional $28 million per annum in interest...

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