Business
Kaiser Aluminum Corporation Extends $575 Million Senior Secured Revolving Credit Facility
FRANKLIN, Tenn.--(BUSINESS WIRE)-- Kaiser Aluminum Corporation (NASDAQ: KALU) (the "Company" or "Kaiser"), a leading producer of semi-fabricated specialty
About this update from Kaiser Aluminum Corporation
[{"type":"text","content":" FRANKLIN, Tenn.--(BUSINESS WIRE)--\nKaiser Aluminum Corporation (NASDAQ: KALU) (the \"Company\" or \"Kaiser\"), a leading producer of semi-fabricated specialty aluminum products, today announced that it has extended its $575 million senior secured revolving credit facility for up to an additional five years, subject to certain conditions, now maturing in October 2030. The facility has also been modified to incorporate certain improved terms offering greater operational flexibility. The extension and amendment of the facility became effective on October 14, 2025, and as of such date, gross borrowing availability under the facility was $575 million based upon a borrowing base of eligible accounts receivable, inventory, and certain other assets. As of the effective date, under the facility, there were outstanding letters of credit totaling $15 million and no outstanding loans.\n\n\n“We are pleased to announce the successful extension of our revolving credit facility, underscoring the continued strength of our financial position and the confidence our lending partners place in our long-term strategy,” said Keith A. Harvey, Chairman, President and Chief Executive Officer. “This action positions us well to continue executing on our growth initiatives while maintaining financial flexibility.”\n\n\nAbout Kaiser Aluminum Corporation\n\n\nKaiser Aluminum Corporation, headquartered in Franklin, Tenn., is a leading producer of semi-fabricated specialty aluminum products, serving customers worldwide with highly-engineered solutions for aerospace and high-strength, packaging, general engineering, automotive extrusions, and other industrial applications. The Company’s North American facilities produce value-added plate, sheet, coil, extrusions, rod, bar, tube, and wire products, adhering to traditions of quality, innovation, and service that have been key components of the culture since the Company was founded in 1946. The Company’s stock is included in the Russell 2000® index and the S&P Small Cap 600® index.\n\n\nAvailable Information\n\n\nFor more information, please visit the Company’s website at www.kaiseraluminum.com. The website includes a section for investor relations under which the Company provides notifications of news or announcements regarding its financial performance, including Securities and Exchange Commission (SEC) filings,...