Gross debt now
$976.0m + $2.16b + $478.0m = $3.614b plus Finace leases $550.0m = $4.164b
Still not sure why they did not repay $478.0m, and no mention on the announcement.
Perhaps there strategy is to repay in full the 2019 debt, leaving them with no obligations for loan repayments until 2022, in the event that io price does not stay high they will have a buffer.
The balance of the 2019 debt $976.0m should be done and dusted no later than Sept 2017.
Another $500.0m in December qtr applied against the 2022 $478.0m will ensure investment grade, with the $2.6b high cost debt able to be refinanced or repaid as from April 2018
Ann: Fortescue announces US$1.0bn repayment of 2019 Term Loan, page-12
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