FMG 1.47% $17.26 fortescue ltd

Lack of understanding... They are not only paying $700 M back,...

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    Lack of understanding...

    They are not only paying $700 M back, they are also paying the remaining due on the 2017 and 2018 notes.

    Total debt raised $2.5B, total repaid is $2.1B and they are shifting/refinancing the larger $4.9B debt parcel. A reduction in interest costs should recoup most of the additional debt raised.
 
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