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Noranda Aluminium to offer senior unsecured notes due 2019
Edited by : AL CIRCLE
2 min read
Noranda Aluminum Holding Corporation today announced that Noranda Aluminum Acquisition Corporation, its wholly-owned subsidiary, intends to offer, subject to market and other conditions, approximately $225 million of senior unsecured notes due 2019 . The Notes will be fully and unconditionally guaranteed by Noranda and certain of its indirect subsidiaries.
AcquisitionCo intends to use the net proceeds from the offering to fund in part the redemption of its outstanding Senior Floating Rate Notes due 2015 (the "Redemption"), with the balance, if any, to be used for general corporate purposes. There can be no assurance that Noranda will successfully complete the offering or the Redemption on the terms described herein or at all. The Redemption will be made pursuant to the redemption terms and notice provisions of the indenture governing the Senior Floating Rate Notes due 2015.
The Notes will be offered and sold to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States pursuant to Regulation S under the Securities Act of 1933.
The Notes have not been registered under the Securities Act of 1933 or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933 and applicable state laws.
This news release shall not constitute an offer to sell or a solicitation of an offer to purchase the Notes or any other securities, shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful, and shall not constitute a notice of Redemption. This news release is being issued pursuant to and in accordance with Rule 135c under the Securities Act of 1933.
AcquisitionCo intends to use the net proceeds from the offering to fund in part the redemption of its outstanding Senior Floating Rate Notes due 2015 (the "Redemption"), with the balance, if any, to be used for general corporate purposes. There can be no assurance that Noranda will successfully complete the offering or the Redemption on the terms described herein or at all. The Redemption will be made pursuant to the redemption terms and notice provisions of the indenture governing the Senior Floating Rate Notes due 2015.
The Notes will be offered and sold to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States pursuant to Regulation S under the Securities Act of 1933.
The Notes have not been registered under the Securities Act of 1933 or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933 and applicable state laws.
This news release shall not constitute an offer to sell or a solicitation of an offer to purchase the Notes or any other securities, shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful, and shall not constitute a notice of Redemption. This news release is being issued pursuant to and in accordance with Rule 135c under the Securities Act of 1933.
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