---
schema_version: "secwatch.filing_event.v1"
accession: "0000949157-22-000057"
form_type: "8-K"
ticker: "CENX"
cik: "0000949157"
company_name: "CENTURY ALUMINUM CO"
filed_at: "2022-12-12T23:59:59+00:00"
generated_at: "2026-06-21T06:35:23.629272+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Century Aluminum subsidiary secures $90M loan from Glencore at 8.75% due Dec 2024

## Summary
- Century Aluminum Vlissingen B.V. enters $90M facility agreement with Glencore International AG.
- Fixed interest rate 8.75% per annum; maturity date December 2, 2024.
- Loan secured by liens on ground lease, moveable assets, financial assets, receivables, and shares of the borrower.
- Proceeds used for general corporate and working capital purposes of Century and its subsidiaries.
- Glencore plc beneficially owns 42.9% of Century's outstanding common stock; related-party transaction.

## SEC filing metadata
- accession: 0000949157-22-000057
- form_type: 8-K
- ticker: CENX
- cik: 0000949157
- company_name: CENTURY ALUMINUM CO
- filed_at: 2022-12-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/949157/000094915722000057/0000949157-22-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/949157/000094915722000057/cenx-20221212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000949157-22-000057
- JSON: https://secwatch.observer/filing/0000949157-22-000057.json
- Plain text: https://secwatch.observer/filing/0000949157-22-000057.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/949157/000094915722000057/0000949157-22-000057-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/949157/000094915722000057/0000949157-22-000057-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.