JW Aluminum to repay $151.4 million senior secured term loan via notes

By Tali Rackner

Minneapolis, Jan. 26 – JW Aluminum Continuous Cast Co. plans to repay its $151.4 million secured term loan using proceeds from a new $300 million senior secured note offering, according to a press release.

The paydown is part of a comprehensive refinancing that is expected to include an amendment to the company’s existing asset-based revolving credit facility to, among other things, extend the maturity of the facility to 2023.

Proceeds will also be used to refurbish and expand the company’s capabilities at its manufacturing operations, the release said.

JW Aluminum Continuous is a wholly owned subsidiary of JW Aluminum Holding Corp., a Charleston, S.C.-based provider of rolled aluminum products.

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