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Century Aluminum Company Announces Proposed Offering of $250 Million of Senior Secured Notes
CHICAGO, June 18, 2020 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) (“Century”) announced today a proposed offering of $250 million aggregate
About this update from Century Aluminum Company
[{"type":"text","content":"CHICAGO, June 18, 2020 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) (“Century”) announced today a proposed offering of $250 million aggregate principal amount of senior secured notes due 2025 (the “New Notes”). Century also announced today that it has commenced a cash tender offer (the “Tender Offer”) for any and all of its $250,000,000 outstanding principal amount of 7.500% Senior Secured Notes due 2021 (the “Existing Notes”). Net proceeds from the sale of the New Notes, together with available cash on hand, will be used to finance the purchase of the Existing Notes in the Tender Offer and the redemption of any Existing Notes not acquired in the Tender Offer, as well as to pay fees and expenses related to the offering of the New Notes.\n The New Notes will be offered and sold 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 New 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. This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the New Notes nor shall there be any sale of New Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act. This press release contains information about pending transactions, and there can be no assurance that these transactions will be completed. About Century Aluminum Century Aluminum Company owns primary aluminum capacity in the United States and Iceland. Century’s corporate offices are located in Chicago, Illinois. Visit www.centuryaluminum.com for more information. Cautionary Statement This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include, without limitation, statements with respect to Century’s intentio...