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Century Aluminum Company today announced an extension of the exchange offer

Author: De Tai
by De Tai
Posted: Jan 03, 2016

Century Aluminum Company today announced an extension of the exchange offer and consent solicitation relating to its 7.5% Senior Notes due 2014, CUSIP No. 156431AH1 (the "2014 Notes"), made pursuant to its Offering Circular and Consent Solicitation Statement dated October 28, 2009 (the "Offering Circular and Consent Solicitation Statement"), as amended by the Supplement thereto dated November 12, 2009. The Company is extending the previously announced exchange offer and consent solicitation as follows: -- The deadline to tender 2014 Notes to receive the consent payment in the consent solicitation is extended from 11:59 p.m., New York City time, on November 10, 2009 to 11:59 p.m., New York City time, on November 18, 2009, unless further extended. Holders who have tendered or tender their 2014 Notes prior to such time, and have their 2014 Notes accepted by the Company for exchange, will be entitled to the total consideration, as set forth in the Offering Circular and Consent Solicitation Statement, for tendering and consenting in the exchange offer and consent solicitation.-- The Expiration Time of the exchange offer and consent solicitation is extended from 11:59 p.m., New York City time, on November 25, 2009 to 11:59 p.m., New York City time, on December 3, 2009, unless further extended.The Company has commenced an offer to exchange $250 million in aggregate principal amount outstanding 2014 Notes properly tendered (and not validly withdrawn) for up to $250 million of its 8% Senior Secured Notes due 2014 to be issued at the closing of the exchange offer. In conjunction with the exchange offer, the Company also has commenced a solicitation of consents for amendments to the indenture governing the 2014 Notes to eliminate most restrictive covenants and modify certain events of default. The Company has been advised by the information and exchange agent for the exchange offer and consent solicitation that, as of 5:00 p.m., New York City time, on November 10, 2009, the aggregate principal amount of 2014 Notes that had been validly tendered (and not validly withdrawn) and for which related consents had been validly delivered (and not validly revoked) was approximately $51 million. This press release does not constitute an offer to exchange or a solicitation of consents relating to the 2014 Notes or any other securities of the Company. The exchange offer and consent solicitation is being made pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act") contained in Section 3(a)(9) of the Securities Act. The Company has not filed and will not file a registration statement under the Securities Act or any other federal or state securities laws with respect to the offer of Exchange Notes in the exchange offer and consent solicitation related to the 2014 Notes described above. Century Aluminum Company owns primary aluminum capacity in the United States and Iceland. Century's corporate offices are located in Monterey, California. Cautionary Statement This press release may contain "forward-looking statements" within the meaning of U.S. federal securities laws. The company has based its forward-looking statements on current expectations and projections about the future; however, these statements are subject to risks, uncertainties and assumptions, any of which could cause the company's actual results to differ materially from those expressed in its forward-looking statements.

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Author: De Tai

De Tai

Member since: Jun 29, 2015
Published articles: 82

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