secwatch.observer — SEC 8-K summary
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Issuer:     KAISER ALUMINUM CORP (KALU)
CIK:        0000811596
Form:       8-K
Filed at:   2025-10-16T23:59:59+00:00
Accession:  0001193125-25-241481
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811596/000119312525241481/0001193125-25-241481-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811596/000119312525241481/d33098d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-241481

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