Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Novelis Inc. incurred term loan of $750 million with Standard Chartered Bank at SOFR plus 1.65% maturing September 25, 2026.
- Instrument
- term loan
- Principal
- $750 million
- Counterparty
- Standard Chartered Bank
- Rate
- SOFR plus 1.65%
- Maturity
- September 25, 2026
- Event
- incurrence
Exact text from the filing
On September 29, 2023, Novelis ALR borrowed $750 million of term loans (the "Tranche A-2 Refinancing Term Loans") pursuant to the Refinancing Amendment
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Novelis Inc. entered into Refinancing Amendment (Tranche A-2 Term Loans) to Credit Agreement with the banks and financial institutions party thereto as lenders valued at $750 million (effective 2023-09-25).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- the banks and financial institutions party thereto as lenders
- Value
- $750 million
- Effective
- 2023-09-25
Exact text from the filing
On September 25, 2023, Novelis Inc. (the "Company" or "we") entered into a Refinancing Amendment (Tranche A-2 Term Loans) to Credit Agreement (the "Refinancing Amendment"), which amends its Credit Agreement (as previously amended, and as amended by the Refinancing Amendment, the "Amended Secured Term Loan Credit Agreement"), dated as of January 10, 2017, among the Company, Novelis ALR Aluminum Holdings Corporation ("Novelis ALR"), as co-borrower, the guarantors party thereto, Standard Chartered Bank, as administrative agent and collateral agent and the banks and financial institutions party thereto as lenders.
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