Fortescue Says It’s Making Progress in Debt Talks With Lenders

Fortescue Says It’s Making Progress in Debt Talks With Lenders

Carla Gottgens/Bloomberg

Fortescue, which has A$8.7 billion ($9.2 billion) of debt and market value of A$9.3 billion, held a call last week to reassure bankers in Asia about its finances as it seeks to syndicate a $1.5 billion facility, according to a person familiar with the matter.