Novelis announces pricing of offering of $1.5 billion Senior Notes due 2024
Novelis Inc. announced that its indirect subsidiary, Novelis Corporation, has priced an offering of $1.15 billion aggregate principal amount of 6.25% senior notes due 2024 (Notes). The Notes were priced at par value and will bear an interest rate of 6.25% per annum. Novelis is expects to close the offering of the Notes on 29 August 2016. Novelis intends to use the net proceeds of the offering to retire its outstanding 8.375% Senior Notes due 2017.Powered by Capital Market - Live News