Kaiser Aluminum announces conditional redemption of notes due 2025

Chicago, May 11 – Kaiser Aluminum Corp. plans to redeem all $350 million of its 6½% senior notes due 2025 on May 21, according to a press release.

The company plans to redeem the notes with the proceeds from a new offering that is in the market on Tuesday.

The redemption is conditioned upon the consummation of the new offer.

The remaining proceeds from the new offer will be used for general corporate purposes, which may include, among other things, capital spending and acquisitions.

The issuer is a Lake Forest, Calif.-based aluminum producer.

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