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Century Aluminum Company Closes Private Offering of Convertible Senior Notes; Announces Full .
Century Aluminum CompanyApril 9, 2021 GMT
CHICAGO, April 09, 2021 (GLOBE NEWSWIRE) Century Aluminum Company (NASDAQ: CENX) (“Century”) announced today that it closed its private offering of 2.75% convertible senior notes due May 1, 2028 (the “Notes”) for gross proceeds of $86.25 million, including the full exercise of the option to purchase $11.25 million additional principal amount of Notes granted by Century to the initial purchasers.
The net proceeds from the offering were approximately $82.9 million, after deducting the initial purchasers’ discount and commissions and estimated offering expenses payable by Century. A portion the net proceeds from the offering of the Notes, together with the net proceeds anticipated to be received from Century’s concurrent private offering