debt
confidence high
sentiment neutral
materiality 0.70
Century Aluminum closes $400M 6.875% notes due 2032, redeems 2028 notes
CENTURY ALUMINUM CO
- Issued $400M aggregate principal 6.875% senior secured notes due Aug 1, 2032 at 100% of par.
- Net proceeds ~$395M used to redeem all $250M 7.50% notes due 2028 at ~$261M (101.875% + accrued interest).
- Redemption of 2028 notes scheduled Aug 5, 2025; indenture obligations satisfied.
- Entered Amendment No. 5 to credit facility extending maturity to July 22, 2030 and modifying other terms.
- Notes are secured by substantially all assets (excluding ABL collateral) and guaranteed by domestic subsidiaries.
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