Century Aluminum announces proposed private offering of $400M of notes

Century Aluminum (CENX) Company announced a proposed private offering of $400M aggregate principal amount of senior secured notes due July 2032 subject to market and other conditions Century intends to use the net proceeds from the Secured Notes Offering to refinance Century’s 7.50% Senior Secured Notes due 2028, to repay borrowings under Century’s credit facilities and to pay fees and expenses relating to these transactions. The interest rate and other terms of the Secured Notes will be determined at the pricing of the Secured Notes Offering.