Noranda Aluminum buys back $83 million debt during fourth quarter

By Susanna Moon

Chicago, March 1 - Noranda Aluminum Holding Corp. said it repurchased $83 million principal amount of its debt for $64.2 million plus fees in the fourth quarter.

The company recorded an $18 million gain on these debt repurchases, according to an earnings release for the fourth quarter and fiscal year of 2009.

Noranda is a Franklin, Tenn.-based producer of value-added primary aluminum products as well as high-quality rolled aluminum coils.

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