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Prospect News home > News index > List of issuers F > Headlines for Fortescue Metals Group Finance Pty. Ltd. > News item |
FMG Resources to launch $1 billion unsecured term loan on Monday
By Sara Rosenberg
New York, May 17 - FMG Resources Pty Ltd. (Fortescue) is scheduled to hold a bank meeting with a noon ET start time at the Barclay Intercontinental in New York on Monday to launch a $1 billion six-year senior unsecured term loan, according to a market source.
J.P. Morgan Securities LLC, Bank of America Merrill Lynch, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and RBS Securities Inc. are the joint bookrunners on the deal.
Proceeds will be used for expansion capital expenditures.
Corporate and facility ratings are B1/B, the source added.
FMG Resources is an Australian-based iron ore mining company.
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