05:48 AM EDT, 09/08/2026 (MT Newswires) -- Ferrexpo (FXPO.L) said Tuesday it secured a $15 million loan facility from Luxembourg-based investment holding company Fevamotinico, its largest shareholder. The subordinated loan carries an annual interest rate of 9.75% and a 12-month term. It represents a prepayment of a portion of Fevamotinico's $40 million subscription commitment to the London-listed iron ore producer's $100 million fundraising plan unveiled on Sept. 4. Ferrexpo said the loan will support its working capital requirements and production operations until the completion of the $100 million fundraising.

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