debt
confidence high
sentiment neutral
materiality 0.60
Century Aluminum upsizes revolver to $250M and extends maturity to 2027
CENTURY ALUMINUM CO
- Revolving credit limit raised from $220M to $250M; LC subfacility increased to $150M from $110M.
- Maturity extended to June 14, 2027; LIBOR replaced with Adjusted Term SOFR.
- Amendment fee of $500,000 (20 bps) paid for ratable benefit of lenders increasing commitments.
- Borrowing base and financial covenants adjusted; no default existing and availability >= $100M after closing.