Kaiser Aluminum plans to redeem $375 million 5 7/8% notes on Dec. 18

By Angela McDaniels

Tacoma, Wash., Nov. 18 – Kaiser Aluminum Corp. plans to redeem its $375 million principal amount of 5 7/8% senior notes due 2024 on Dec. 18, according to a company news release.

The company will pay a redemption premium of about $16.5 million.

The company will fund the redemption with proceeds of $500 million principal amount of senior notes due 2028. Proceeds will also be used for general corporate purposes, which may include, among other things, capital spending, acquisitions and stock repurchases.

The aluminum producer is based in Foothill Ranch, Calif.

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