Fortescue (ASX:FMG) has launched a US$600 million ($907.90 million) tender offer to repurchase portions of its outstanding debt, targeting three tranches of notes maturing between 2030 and 2032 as part of its broader debt optimisation strategy.
The company intends to repurchase its 5.875% senior notes due 2030, 4.375% notes due 2031, and 6.125% notes due 2032 through an offer made by its wholly owned subsidiary, Fortescue Treasury.
Under the offer, Fortescue has set individual series caps to purchase 2031 and 2032 notes, with all tender offers expected to expire on 4 November 2025.
In August, the company secured a syndicated term loan facility valued at ¥14.2 billion ($3.01 billion) from a range of international lenders ahead of its decarbonisation plans, as reported by Mining.com.au.
Fortescue is a technology, energy, and metals group focused on commercialising decarbonisation across the sector.
Write to Maddison Elliott at Mining.com.au
Images: Fortescue
