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Century Aluminum Company Closes Private Offering of $400 Million of Senior Secured Notes

CHICAGO, July 22, 2025 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ:CENX) ("Century") announced today that it closed its private offering of 6.875% senior secured notes due August 2032 (the "Secured Notes") for gross proceeds of $400 million.

The net proceeds from the offering were approximately $395 million, after deducting the initial purchasers' discount and commissions and estimated offering expenses payable by Century. The net proceeds from the sale of the Secured Notes will be used to refinance Century's 7.50% Senior Secured Notes due 2028 (the "2028 Notes"), to repay borrowings under Century's credit facilities and to pay fees and expenses relating to the offering.

The Secured Notes were issued at a price equal to 100.00% of their aggregate principal amount. The Secured Notes will pay interest semi-annually in arrears on February 1 and August 1 of each year, beginning on February 1, 2026, at a rate of 6.875% per annum in cash. The Secured Notes will mature on August 1, 2032, unless earlier redeemed or repurchased.

The Secured Notes ...