secwatch / observer
8-K filed December 12, 2022, 6:59 PM ET ticker CENX CIK 0000949157
debt confidence high sentiment neutral materiality 0.60

CENTURY ALUMINUM CO (CENX): debt financing — Century Aluminum subsidiary secures $90M loan from Glencore at 8.75% due Dec 2024

CENTURY ALUMINUM CO

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CENTURY ALUMINUM CO incurred credit facility of up to an aggregate of US$90,000,000 with Glencore International AG at 8.75% per annum maturing December 2, 2024.

Instrument
credit facility
Principal
up to an aggregate of US$90,000,000
Counterparty
Glencore International AG
Rate
8.75% per annum
Maturity
December 2, 2024
Event
incurrence
Exact text from the filing
On December 9, 2022, Century Aluminum Vlissingen B.V. (“Vlissingen”), a wholly owned subsidiary of Century Aluminum Company (“Century”) entered into a Facility Agreement dated as of December 9, 2022 (the “Facility Agreement”) with Glencore International AG (“Glencore”) pursuant to which Vlissingen may from time to time borrow up to an aggregate of US$90,000,000 in one or more loans at a fixed interest rate equal to 8.75% per annum and payable on December 2, 2024.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CENTURY ALUMINUM CO entered into Facility Agreement with Glencore International AG valued at US$90,000,000 (effective 2022-12-09).

Action
entry
Agreement
credit facility
Counterparty
Glencore International AG
Value
US$90,000,000
Effective
2022-12-09
Exact text from the filing
On December 9, 2022, Century Aluminum Vlissingen B.V. (“Vlissingen”), a wholly owned subsidiary of Century Aluminum Company (“Century”) entered into a Facility Agreement dated as of December 9, 2022 (the “Facility Agreement”) with Glencore International AG (“Glencore”) pursuant to which Vlissingen may from time to time borrow up to an aggregate of US$90,000,000 in one or more loans at a fixed interest rate equal to 8.75% per annum and payable on December 2, 2024.
View on SEC.gov

Browse all debt financings →

CENTURY ALUMINUM CO filing history →

Source: SEC EDGAR
accession 0000949157-22-000057
Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.