Aleris announces results of asset sale offer to purchase up to $125 million of senior notes

Aleris International, Inc., a wholly owned subsidiary of Aleris Corporation, today announced the results of its asset sale offer to purchase, on a pro rata basis, up to $125 million of its 7?% Senior Notes due 2018 and its 7?% Senior Notes due 2020 at a cash purchase price of 100% of the aggregate principal amount of the Notes, plus accrued and unpaid interest to, but not including, the payment date. The Offer expired at 5:00 P.M., New York City time, on September 2, 2015.

The table below sets forth the results of the Offer for the Notes, according to information provided by Global Bondholder Services Corporation, the depositary for the Offer, as of the expiration time. As the aggregate principal amount of the Notes validly tendered and not validly withdrawn exceeds the maximum offer amount, validly tendered 2018 Notes and 2020 Notes that were not validly withdrawn have been accepted for purchase on a pro rata basis based on the principal amounts of the 2018 Notes and the 2020 Notes validly tendered and not withdrawn, subject to minimum denomination conditions set forth in the Offer to Purchase, dated August 5, 2015.

(1) For both series of Notes, the aggregate total consideration (the purchase price together with accrued and unpaid interest from, and including, the last interest payment date for such series of Notes to, but not including, the payment date) to be paid in respect of all Notes of such series accepted for purchase.

Payment for the Notes accepted pursuant to the Offer will be made on the expected payment date, today, September 8, 2015. The aggregate purchase price, inclusive of accrued and unpaid interest, payable for the accepted Notes will be $126,981,989.41.

Holders whose Notes were purchased only in part will be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer) representing the same indebtedness to the extent not repurchased, subject to minimum denomination conditions set forth in the Offer to Purchase.