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Kaiser Aluminum Corporation Announces Closing of Senior Notes Offering
Edited by : AL CIRCLE
1 min read
Kaiser Aluminum Corporation today announced the closing of its previously announced offering of $225.0 million in aggregate principal amount of 8.250% senior notes due 2020 (the "notes") in a private transaction that is exempt from the registration requirements of the Securities Act of 1933 (the "Act"). The notes are guaranteed by each of Kaiser Aluminum's existing and future domestic subsidiaries that is a borrower or guarantor under Kaiser Aluminum's revolving credit facility.
The notes will pay interest semiannually at a rate of 8.250% per annum. The offering generated net proceeds of approximately $218.6 million, after deducting the initial purchasers' discounts and estimated fees and expenses. Kaiser Aluminum intends to use the net proceeds from the offering of the notes for general corporate purposes, which may include, among other things, acquisitions.
The notes and the related guarantees have not been registered under the Act or the securities laws of any other place and may not be offered or sold in the United States absent registration or an applicable exemption therefrom. The notes were offered only to qualified institutional buyers under Rule 144A and to persons outside the United States under Regulation S.
The notes will pay interest semiannually at a rate of 8.250% per annum. The offering generated net proceeds of approximately $218.6 million, after deducting the initial purchasers' discounts and estimated fees and expenses. Kaiser Aluminum intends to use the net proceeds from the offering of the notes for general corporate purposes, which may include, among other things, acquisitions.
The notes and the related guarantees have not been registered under the Act or the securities laws of any other place and may not be offered or sold in the United States absent registration or an applicable exemption therefrom. The notes were offered only to qualified institutional buyers under Rule 144A and to persons outside the United States under Regulation S.
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