ASX:FMGMetals and Mining
Fortescue (ASX:FMG) Valuation in Focus After Boosted Debt Tender and Capital Management Moves
Fortescue (ASX:FMG) just increased its cash tender offer for outstanding debt securities to $750 million, up from $600 million. The company also raised the cap on its 2031 Notes. This proactive move directly impacts how the company manages its capital and debt.
See our latest analysis for Fortescue.
Fortescue’s decision to lift its debt tender offer comes as the share price has gathered momentum in recent months, climbing 7.2% over the past month and delivering a robust 14.7% total...