Kaiser Aluminium Corporation, which has a market cap of USD 1.27 billion, has successfully extended its USD 575 million senior secured revolving credit facility for an additional five years, maturing in October 2030. The amendment, effective October 14, adds flexibility and eliminates certain restrictions on revolving credit and availability.
Kaiser’s gross borrowing availability of USD 575 million remains unchanged. This is supported by eligible accounts receivable, inventory, and other assets. As of the effective date of the amendment, only USD 15 million in letters of credit were outstanding, with no loans outstanding.
Keith A. Harvey, Chairman, President, and CEO, said the extension "underscores the continued strength of our financial position and the confidence our lending partners place in our long-term strategy."
Read More: Kaiser Aluminium declares a quarterly $0.77 per share dividend
Kaiser was classified by analysts at InvestingPro as having ‘GOOD’ financial health, citing solid liquidity and operational positioning. Its current ratio was 2.7, indicating solid short-term stability.
Dividend continuity reflects investor confidence
Along with locking down its credit facility, Kaiser stated today that it will pay a quarterly cash dividend of USD 0.77 a share on November 14, 2025, to its shareholders of record as of October 24, 2025. The dividend represents a yield of about 3.86 per cent and marks nearly 20 years of continuous returns to shareholders. These dividends reinforce the company's commitment to paying cash to shareholders while maintaining capital for strategic investments and growth.
A legacy of industrial leadership
Established in 1946, Kaiser Aluminium is one of North America's largest producers of semi-fabricated speciality aluminium products. These aluminium products are used for the aerospace, automotive, packaging, general engineering, and niche industrial markets. Kaiser Aluminium has facilities making plate, sheet, coil, extrusions, rod, bar, tube, and wire products. Kaiser Aluminium also combines operational excellence with engineering innovation.
Strategic board expansion signals future growth
Recently, Kaiser appointed James D. Hoffman, former Chief Executive Officer of Reliance, Inc., to its board. Hoffman, with over 43 years of metals experience, is expected to enhance strategic insight and operational governance, thereby expanding the company’s overall capacity to capitalise on growth opportunities. Kaiser’s combination of upside support from a credit line, dividend levels, and strategic leadership indicates a solid operational foundation. Investors seeking a toehold in engineered aluminium solutions may find KALU a worthy candidate with its stable balance sheet and growing presence in a market expected to expand.
Read More: Kaiser Aluminum posts stellar H1 2025 earnings, with net sales up 5.9% YoY
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