Kaiser Aluminum Closes $500 Million Senior Notes Offering

Reuters11-06
Kaiser Aluminum Closes $500 Million Senior Notes Offering

Kaiser Aluminum Corporation has closed its offering of $500 million aggregate principal amount of 5.875% senior notes due 2034 in a private transaction. The notes will pay interest semiannually at a rate of 5.875% per annum and will be guaranteed by each of Kaiser Aluminum's existing and future domestic subsidiaries that is a borrower or guarantor under its revolving credit facility. Kaiser Aluminum plans to use the net proceeds from the offering, along with borrowings under its revolving credit facility and/or cash on hand, to redeem all outstanding amounts of its existing 4.625% senior notes due 2028. The notes were offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States under Regulation S. No URL for the prospectus is provided in the document.

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