Fortescue Secures Landmark RMB 14.2 billion Syndicated Term Loan

Fortescue Ltd (ASX: FMG) has successfully secured a RMB 14.2 billion (approximately US$2 billion) Syndicated Term Loan Facility, marking the first such loan of its kind by an Australian corporation. The proceeds will support general corporate purposes, including advancing Fortescue’s decarbonisation efforts and fostering partnerships with Chinese suppliers and technology leaders. As a major supplier of iron ore to China, Fortescue also generates significant RMB revenue through its sales.

Fortescue's Executive Chairman, Dr. Andrew Forrest AO, emphasized the significance of this deal as more than just a financial transaction, underscoring the strategic alignment between Fortescue and China in advancing green technologies. Group CFO, Apple Paget, highlighted the exceptional demand for the loan as a reflection of Fortescue's solid credit profile, operational excellence, and disciplined capital management. This financing strengthens Fortescue’s position in the global green industrial revolution and diversifies its funding sources.

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