Kaiser Aluminum amends credit facility; extends maturity to 2030, ups revolver capacity

KAISER ALUMINUM CORP

Maturity extended to earlier of March 1, 2028 (if 2028 notes not extended) or October 14, 2030.
Revolver capacity increased by up to $200M plus FILO tranche; total commitments remain $575M.
Unused line fee reduced to 0.20%–0.25% depending on average usage (previously 0.25%).
Borrowing base includes 90% of investment-grade AR, 85% other domestic AR, 75% inventory.
Amendment allows secured debt junior in lien priority and debt secured by non-collateral assets.

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