Century Aluminum will use convertible offering to repay bank debt

Chicago, April 5 – Century Aluminum Co. announced a series of refinancing transactions on Monday, including a new convertible note offering that will be used to repay bank debt, according to a press release.

The company plans to offer $75 million of convertible senior notes due May 2028.

Proceeds will be used to repay borrowings under the company’s credit facilities and to pay for capped call transactions.

Century is a Chicago-based producer of primary aluminum.

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