Novelis Inc.: debt financing — Novelis issues $750M of 6.375% senior notes due 2033, tenders 98.4% of 3.250% notes due 2026

Novelis Inc.

Issued $750M of 6.375% senior notes due Aug 2033; proceeds used to purchase 3.250% notes due 2026 via tender offer.
Tender offer accepted $738.1M (98.4%) of outstanding 3.250% 2026 notes; settlement expected Aug 18-20, 2025.
Remaining 2026 notes (1.6%) to be redeemed in accordance with indenture.
New notes have make-whole call protection until Aug 2028; change-of-control offer at 101%.
Guaranteed by Novelis Inc. and subsidiary guarantors; investment-grade ratings would suspend most covenants.

Key facts

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 senior notes of $750,000,000 aggregate principal amount with Regions Bank, as trustee at 6.375% per year maturing August 15, 2033.

Instrument: senior notes
Principal: $750,000,000 aggregate principal amount
Counterparty: Regions Bank, as trustee
Rate: 6.375% per year
Maturity: August 15, 2033
Event: incurrence

Exact text from the filing

completed the issuance and sale of $750,000,000 aggregate principal amount of 6.375% senior notes due August 2033

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Source: SEC EDGAR

accession 0001304280-25-000042

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