US$600 Million Offer To Repay Debt
Stock | Fortescue Ltd (FMG.ASX) |
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Release Time | 7 Oct 2025, 8:16 a.m. |
Price Sensitive | Yes |
Fortescue Launches US$600 Million Debt Repayment Offer
- Fortescue announces tender offers to purchase up to US$600 million of its outstanding notes
- Offers target 2030, 2031 and 2032 notes with priority acceptance of 2031 notes
- Tender offers subject to aggregate and individual series caps
Fortescue Ltd (ASX: FMG) has announced the launch of tender offers to purchase for cash up to US$600 million in aggregate principal amount of its outstanding notes, including the 5.875% Senior Notes due 2030, the 4.375% Senior Notes due 2031, and the 6.125% Senior Notes due 2032. The offers will prioritize the acceptance of the 2031 Notes, followed by the 2030 Notes and then the 2032 Notes, until the US$600 million cap is reached. The company has also set individual series caps on the offer to purchase 2031 and 2032 Notes. The tender offers are being made pursuant to the terms and conditions set forth in the offer to purchase dated October 6, 2025. Holders of Notes must tender their Notes by October 20, 2025, to be eligible for the full tender offer consideration, which includes an early tender payment. Notes tendered after the early tender date but before the November 4, 2025 expiration date will be eligible for the tender offer consideration only. The company reserves the right to increase the aggregate maximum tender amount and/or either of the individual series caps, subject to compliance with applicable law. The tender offers are not conditioned on any minimum amount of Notes being tendered, and the company may amend, extend, terminate or withdraw the offers separately for each series of Notes.