debt
confidence high
sentiment neutral
materiality 0.65
Kaiser Aluminum closes $500M 5.875% senior notes due 2034; proceeds to redeem 4.625% 2028 notes
KAISER ALUMINUM CORP
- Closed offering of $500M aggregate principal of 5.875% senior notes maturing March 1, 2034.
- Interest payable semiannually on March 1 and Sept 1, first payment March 1, 2026.
- Net proceeds, with revolver borrowings/cash, to redeem all outstanding 4.625% senior notes due 2028.
- Notes redeemable at issuer's option on or after March 1, 2029 at specified prices.
- Up to 40% of notes may be redeemed before March 1, 2029 with equity offering proceeds at 105.875%.
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