Fortescue Metals Group Launches US$1.4bn Tender

FMG Resources , an Australian corporation and a direct wholly-owned subsidiary of Fortescue Metals Group Ltd  (ASX: FMG), an Australian corporation, announced today that it is offering to purchase for cash up to US$1,400,000,000  in aggregate principal amount of its 9.750% Senior Secured Notes due 2022 . The complete terms of the tender offer are set forth in an Offer to Purchase, dated as of today (the “Offer to Purchase”), and the related Letter of Transmittal (the “Letter of Transmittal”) and any amendments or supplements thereto.

The Early Participation Date for the tender offer is 5:00 p.m., New York City time, on March 7, 2018, and the Expiration Date is 11:59 p.m., New York City time, on March 21, 2018. The “Total Consideration” payable to Holders that validly tender (and do not validly withdraw) their Notes on or prior to the Early Participation Date for each US$1,000 principal amount accepted for purchase by the Company pursuant to the applicable tender offer shall be a price equal to the amount shown for such series of Notes in the table below. The Total Consideration includes the applicable Early Participation Payment.

Holders that validly tender their Notes after the Early Participation Date but at or before the Expiration Date, and provided they do not subsequently validly withdraw, will receive only the applicable Tender Offer Consideration, which is the applicable Total Consideration less the applicable Early Participation Payment. In addition to the Total Consideration or the Tender Offer Consideration, as applicable, Holders that validly tender (and do not subsequently validly withdraw) their Notes and whose Notes are accepted for purchase by the Company in the tender offer will receive accrued and unpaid interest from the last applicable interest payment date for the Notes up to, but excluding, the applicable settlement date.


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