Fortescue Lands $4.5B Loan From JPMorgan, Credit Suisse

Law360, New York (September 18, 2012, 4:20 PM EDT) -- Australian mining company Fortescue Metals Group has secured a senior loan for as much as $4.5 billion from JPMorgan Chase & Co. and Credit Suisse AG to help the cash-strapped miner refinance its debt, Fortescue announced Tuesday.

The company said it has an underwritten commitment from JPMorgan and Credit Suisse for a senior secured credit facility of up to $4.5 billion. The loan will be used to refinance Fortescue's existing debt and provides additional liquidity to the company as it looks to double down on core...
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