JW Aluminum to repay $151 million secured term loan via note offering

By Tali Rackner

Minneapolis, May 14 – JW Aluminum Continuous Cast Co. plans to repay its $151 million secured term loan using proceeds from a new $285 million senior secured note offering, according to a press release.

Proceeds will also be used to modernize and refresh the company’s capacity at its Mount Holly operation, which will include the installation of equipment that is expected to result in substantial operating cost savings and additional production capacity.

Assuming successful completion of the offering, the company said it will have no outstanding debt maturing prior to 2023.

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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