FMG 0.18% $21.63 fortescue ltd

With what you state “junk bond debt”, curious now that they are...

  1. 3,510 Posts.
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    With what you state “junk bond debt”, curious now that they are a top 5 ASX company making $8.0B a year and good cash flow, why not refinance?

    Surely they could a achieve a better rate and terms now.

    Possibly repay some of the loan and refinance the balance and extend term of the loan

    unless there are loan covenants that restrict their options?
 
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