Fortescue Metals Group Limited
(ASX:FMG) has secured a new debt facility of up to $US4.5 billion maturing in five years.
The facility, which has been fully underwritten by Credit Suisse and JP Morgan, will be used to refinance all existing bank facilities and provide the iron ore miner with additional liquidity.
Fortescue says it is also considering partnering in a number of its assets after approaches had been made by unidentified parties.
The company says it is not required to consider these potential transactions under the terms of the new credit arrangements.
Fortescue’s shares were placed in a trading halt on Friday following a 15 per cent plunge in its stock the day before.
Fortescue recorded a net profit of $1.5 billion in the 2012 financial year.
