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Century Aluminum announces new senior unsecured debt offering
By Paul A. Harris
St. Louis, July 29 - Century Aluminum Co. plans to offer new senior unsecured debt as well as $150 million of convertible senior notes due 2024, the company said in a news release Thursday.
Credit Suisse First Boston is the bookrunner for the convertible notes, according to a market source.
No timing or bookrunning names were disclosed in the news release, and the company declined to comment on the offerings when contacted late Thursday by Prospect News.
Proceeds will be used to fund the tender for the company's 11¾% senior secured first mortgage notes and for general corporate purposes, which could include acquisitions and a planned expansion of the company's Nordural facility.
The company is a Monterey, Calif.-based primary aluminum producer.
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