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Kaiser Aluminum to call $198 million 8¼% notes due 2020 via new issue
By Susanna Moon
Chicago, April 28 – Kaiser Aluminum Corp. said it plans to redeem its $197.8 million principal amount of outstanding 8¼% senior notes due 2020.
The company will pay a redemption premium of $8.2 million, according to a company announcement.
The redemption will be funded with proceeds from a $325 million offering of senior notes due 2024 under Rule 144A and Regulation S.
Proceeds also will be used for general corporate purposes, which may include capital spending, acquisitions and repurchases of common stock.
Kaiser Aluminum is a Foothill Ranch, Calif.-based producer of semi-fabricated specialty aluminum products.
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