Fortescue Metals Group Ltd. said it is weighing options from refinancing to fresh bond buybacks as its war chest for reducing debt swells to $1.5 billion and iron ore rallies.
The world’s fourth-largest supplier of the steelmaking material is committed to cutting its $5.9 billion net debt pile and sees a wider range of possibilities as sentiment improves across commodities markets, Chief Financial Officer Stephen Pearce said in an interview.
