Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Novelis Inc. incurred loan of $225 million with The Industrial Development Authority of Baldwin County at 4.300% per annum maturing March 1, 2056.
- Instrument
- loan
- Principal
- $225 million
- Counterparty
- The Industrial Development Authority of Baldwin County
- Rate
- 4.300% per annum
- Maturity
- March 1, 2056
- Event
- incurrence
Exact text from the filing
On March 6, 2026, Novelis Corporation (the “Company”), a wholly-owned subsidiary of the Parent, completed a financing transaction pursuant to which the Company entered into a Loan Agreement, dated as of March 1, 2026 (the “Loan Agreement”), with The Industrial Development Authority of Baldwin County (the “Issuer”), whereby the Issuer loaned $225 million in proceeds from the sale of Solid Waste Disposal Revenue Bonds (Novelis Corporation Project), Series 2026A, in the aggregate principal amount of $225 million (the “Bonds”), to the Company to finance a portion of the costs of the construction of the Company’s solid waste disposal facilities located in Baldwin County, Alabama.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Novelis Inc. entered into Loan Agreement with The Industrial Development Authority of Baldwin County valued at $225 million (effective 2026-03-01).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- The Industrial Development Authority of Baldwin County
- Value
- $225 million
- Effective
- 2026-03-01
Exact text from the filing
the Company entered into a Loan Agreement, dated as of March 1, 2026 (the “Loan Agreement”), with The Industrial Development Authority of Baldwin County (the “Issuer”), whereby the Issuer loaned $225 million in proceeds from the sale of Solid Waste Disposal Revenue Bonds (Novelis Corporation Project), Series 2026A, in the aggregate principal amount of $225 million (the “Bonds”), to the Company
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