Rio Tinto Limited
(ASX:RIO) has announced it will reduce its gross debt by $781 million through cash tender offers.
As part of the multinational mining giant’s ongoing capital management plan, Rio Tinto Finance (USA) plc and Rio Tinto Finance (USA) Limited made cash tender offers to purchase up to $781 million of Rio’s outstanding securities.
Settlement is expected to be on 7 June 2017
The offer, combined with Rio’s previously announced notes repurchase (on 22 May 2017) will take the total amount of notes repurchased in June 2017 to $2.5 billion.
Shares in Rio Tinto Limited
(ASX:RIO) last traded 0.85 per cent lower to $61.47.
