Fortescue reprices debt facility

Credit Suisse, JP Morgan lower interest margin by 1%, extend maturity.

Fortescue Metals Group's (FMG) senior secured debt facility has been amended and repriced by lead arrangers Credit Suisse and JP Morgan.

In a statement to the Australian Securities Exchange, Fortescue said its previous margin of 4.25% had been reduced by 1% to 3.25%, while the maturity of the facility had been extended to June 30, 2019.

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