debt
confidence high
sentiment neutral
materiality 0.60
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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