Century Aluminum begins tender offer for 12% senior notes due 2025

Chicago, April 5 – Century Aluminum Co. started an any-and-all cash tender offer for its $250 million outstanding 12% senior secured notes due 2025 (Cusips: 156431AL2, U1565PAD8, 156431AM0) on Monday, according to a press release.

Century Aluminum is offering $1,074.32 per $1,000 note.

The offer will expire at 5 p.m. ET on April 9. Tenders can be withdrawn at any time up to the expiration time.

Settlement is planned for April 14.

The tender offer is not conditioned upon any minimum amount of notes tenders. However, there is a financing condition.

The company plans to call any notes not tendered for redemption on May 14. For the redemption, the notes will be redeemed at par plus a make-whole redemption premium.

Credit Suisse Securities (USA) LLC is the dealer manager for the tender offer.

D.F. King & Co., Inc. (212 269-5550, 877 283-0318 or cac@dfking.com) is the tender agent and information agent.

Century is a Chicago-based producer of primary aluminum.

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