Novelis Inc. (“Novelis”), the world leader in aluminum rolling and recycling, today announced the completion of the previously announced offering of $1.5 billion aggregate principal amount of 5.875% senior notes due 2026 (the “Notes”) by Novelis Corporation, an indirect wholly-owned subsidiary of Novelis. The Notes are guaranteed, jointly and severally, on a senior unsecured basis, by Novelis, and by certain of Novelis’ subsidiaries.
The net proceeds of the offering will be used to retire Novelis’ outstanding 8.75% Senior Notes due 2020.
The Notes were offered in a private offering that was exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The Notes were offered within the United States to qualified institutional buyers in accordance with Rule 144A and outside the United States in accordance with Regulation S under the Securities Act.
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the Notes and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which, or to any person to whom, such an offer, solicitation or sale would be unlawful. Any offers of the Notes were made only by means of a private offering circular.
