Kaiser Aluminum Corporation (NASDAQ: KALU), a leading producer of semi-fabricated specialty aluminum products, has announced that it has priced US$500 million aggregate principal amount of 5.875% senior notes due 2034 in a private transaction that is exempt from the registration requirements of the Securities Act of 1933. The notes will be guaranteed by each of Kaiser Aluminum’s existing and future domestic subsidiaries that is a borrower or guarantor under Kaiser Aluminum’s revolving credit facility. The consummation of the offering of the notes is expected to be completed on November 5, 2025, subject to customary closing conditions.
Latham & Watkins LLP represented the initial purchasers in the offering with a capital markets team led by Stelios Saffos, Global Chair of Latham’s Capital Markets Practice, and partner Andrew Baker, and counsel Gemma Mootoo Rajah, with associates Paul Lau, Ian Lachow, Ari Anderson, and Samantha Pannone, with assistance from Jen Kim. Advice was also provided on tax matters by partner Jocelyn Noll, with associate Michael Yu.
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