27 MAY 2013Marketwire.com
Century Aluminum announces the pricing of $250 million senior secured notes
Edited by : AL CIRCLE
1 min read
Century Aluminum Company announced that it has priced $250 million aggregate principal amount of senior secured notes due 2021. The notes will have an interest rate of 7.5% per annum and are being issued at a price equal to 98.532% of their face value. Century intends to use all net proceeds from the sale of the notes to repay all of its $250 million outstanding 8% Senior Secured Notes due 2014.
As the offering is a private placement, the notes will be offered and sold only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933 (the "Securities Act") and to certain non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. The notes to be offered have not been, and will not be, registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
As the offering is a private placement, the notes will be offered and sold only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933 (the "Securities Act") and to certain non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. The notes to be offered have not been, and will not be, registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
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