Kaiser Aluminum (KALU) said Monday that it plans to offer $500 million of senior notes due 2034 in a private transaction.
The company said it plans to use the net proceeds, together with borrowings under its revolving credit facility and/or cash on hand, to redeem all outstanding amounts of its 4.625% senior notes due 2028.
Kaiser also said on Monday that it has provided conditional notice of its plan to redeem the 2028 notes on Nov. 6, subject to the successful issuance of debt securities on terms and in an amount satisfactory to the company.
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