Fortescue Said to Discuss Refinancing as Iron Ore Rebounds

  • Price of steelmaking material has climbed back above $60 a ton
  • Miner's bonds have rallied, making buybacks more expensive

Fortescue Metals Group Ltd., seeking to take advantage of the resurgence in iron ore prices, is talking to investors about refinancing some of its $8.1 billion in debt obligations, according to people with knowledge of the matter.

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