---
schema_version: "secwatch.filing_event.v1"
accession: "0001304280-26-000012"
form_type: "8-K"
ticker: null
cik: "0001304280"
company_name: "Novelis Inc."
filed_at: "2026-03-10T23:59:59+00:00"
generated_at: "2026-05-15T15:34:04.952062+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Novelis issues $225M in tax-exempt bonds at 4.300% for Alabama waste facilities

## Summary
- Loan from Baldwin County IDA of $225M proceeds from Series 2026A Solid Waste Disposal Revenue Bonds.
- Bonds bear interest at 4.300% per annum, mandatory tender for purchase on March 1, 2033.
- Bonds mature on March 1, 2056; semiannual interest payments begin September 1, 2026.
- Proceeds finance construction of solid waste disposal facilities in Baldwin County, Alabama.
- Guaranteed jointly and severally by Novelis Inc. and certain subsidiaries that guarantee senior unsecured notes.

## SEC filing metadata
- accession: 0001304280-26-000012
- form_type: 8-K
- cik: 0001304280
- company_name: Novelis Inc.
- filed_at: 2026-03-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1304280/000130428026000012/0001304280-26-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1304280/000130428026000012/nvl-20260306.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001304280-26-000012
- JSON: https://secwatch.observer/filing/0001304280-26-000012.json
- Plain text: https://secwatch.observer/filing/0001304280-26-000012.txt

## Source-grounded claims
- claim_id: 7a83753e48b26ce0f5ff0adc3793fea92aecc4fd
  claim: Novelis Inc. incurred loan of $225 million with The Industrial Development Authority of Baldwin County at 4.300% per annum maturing March 1, 2056.
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1304280/000130428026000012/0001304280-26-000012-index.htm
- claim_id: c4272268e0d17407165d1bd14f85162142b4ed22
  claim: Novelis Inc. entered into Loan Agreement with The Industrial Development Authority of Baldwin County valued at $225 million (effective 2026-03-01).
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1304280/000130428026000012/0001304280-26-000012-index.htm

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