Novelis to repay portion of $1.8 billion in term loans

By Taylor Fox

New York, March 22 – Novelis Inc. plans to repay a portion of its outstanding $1.8 billion in term loans, according to a news release.

The repayment will be funded using cash on hand and proceeds from its offering of €500 million senior green notes.

Novelis will also pay interest and certain fees and expenses related to the green notes offering.

Novelis is an Atlanta-based aluminum-rolled products and aluminum recycling company.

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