---
schema_version: "secwatch.filing_event.v1"
accession: "0001304280-23-000045"
form_type: "8-K"
ticker: null
cik: "0001304280"
company_name: "Novelis Inc."
filed_at: "2023-09-29T23:59:59+00:00"
generated_at: "2026-06-10T06:49:10.151739+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Novelis subsidiary refinances $775M term loans with $750M new loans due 2026

## Summary
- Novelis ALR borrowed $750M in Tranche A-2 Refinancing Term Loans to fully repay remaining $775M Original Novelis ALR Term Loans due Jan 2025.
- New loans mature Sept 25, 2026 (3-year term) and accrue interest at SOFR + 1.65% with 0.25% quarterly amortization.
- The Tranche A-2 loans are guaranteed by the same entities and secured on a pari passu basis with existing term loans.

## SEC filing metadata
- accession: 0001304280-23-000045
- form_type: 8-K
- cik: 0001304280
- company_name: Novelis Inc.
- filed_at: 2023-09-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1304280/000130428023000045/0001304280-23-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1304280/000130428023000045/nvl-20230925.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001304280-23-000045
- JSON: https://secwatch.observer/filing/0001304280-23-000045.json
- Plain text: https://secwatch.observer/filing/0001304280-23-000045.txt

## Key facts
- Debt Financings
  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
  source text: On September 29, 2023, Novelis ALR borrowed $750 million of term loans (the "Tranche A-2 Refinancing Term Loans") pursuant to the Refinancing Amendment
  evidence_url: https://www.sec.gov/Archives/edgar/data/1304280/000130428023000045/0001304280-23-000045-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1304280/000130428023000045/0001304280-23-000045-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.