Unable to Woo Investors, Several Issuers Yank Loans
- Fortescue Metals Drops $1B TL. Iyer, Gayatri // High Yield Report;5/30/2011, Vol. 22 Issue 22, p18
This article reports on the withdrawal by Australian iron ore miner Fortescue Metals Group of its proposed term loan as a result of weak credit market conditions.
- Andrew Forrest. // BRW;8/21/2008, Vol. 30 Issue 33, p24
The article profiles businessman Andrew Forrest, one of the 10 richest members of the BRW Rich 200 and chief executive of Fortescue Metals Group (FMG). It states that Forrest blames short-sellers for the fall of FMG shares during the market downturn since May 2008. It mentions that Forrest's...
- Fortescue Cuts Price on $4.95B Term Loan. // Leveraged Finance News;11/11/2013, Vol. 3 Issue 43, p2
The article presents information on the reduction in the price of a 4.95 billion dollar term loan by Fortescue Metals Group Ltd. of Australia. This loan is for six years and being used by the mining firm to refinance its existing debt. According to the rating agency Standard and Poor's Corp.,...
- Why Fortescue may have struck the mother lode. Deans, Alan // Bulletin with Newsweek;3/1/2005, Vol. 123 Issue 6459, p50
The article presents information on the investor activities of Australia-based Fortescue Metals Group. It is reported that the shares of the company have shot up eightfold in price to top $1 billion in March 2005. This is despite the fact that, at best, the company will not ship a single tonne...
- Fortescue rallies on asset sales talk. Sprague, Julie-anne; Ingram, Tess; Thomson, James // Australian Financial Review (0404-2018);8/6/2015, p21
The article reports that commercial discussions with potential investors are being planned by Fortescue Metals Group Ltd. in its mines and infrastructure following the emergence of speculation regarding a possible asset sale to Chinese companies. It is noted that to strengthen its balance sheet,...
- THE WORD IS BONDS. Heathcote, Andrew // BRW;1/19/2012, Vol. 34 Issue 1, p33
The article focuses on the plans of Australian Treasurer Wayne Swan to have less strict regulations for companies to allow greater access of investors to bonds. It mentions the ten-year bond of Australian government paying 5.75% while the Fortescue Metals Group is promising to pay an 8.25%...
- Smart & Final Yanks Loan Deal. Clouse, Carol J. // High Yield Report;5/30/2011, Vol. 22 Issue 22, p11
This article reports on the withdrawal by Smart & Final of its dividend credit facility due to a lack of commitments at the offered terms.
- Loan Market Springs Back With Several Deals. R. K. // Bank Loan Report;3/30/2009, Vol. 24 Issue 13, p1
The article focuses on the condition of the leveraged loan primary market in the U.S. It elucidates the recovery of the loan market in the country and the total amount tendered from investors has reached by almost $2 billion. It mentions that one significant evidence of recovery is the TNS' term...
- North Star resource increases. // Mining World;Feb2012, Vol. 9 Issue 1, p22
The article reports on the 72% rise of Fortescue Metals Group Ltd.'s North Star magnetite deposits in Port Hedland, Western Australia.