trending Market Intelligence /marketintelligence/en/news-insights/trending/dgydx5gm_eudeqnupt6ndg2 content esgSubNav
In This List

Aleris launches US$400M notes offering

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding

Blog

Essential Metals Mining Insights November 2021

Blog

[Infographic]: 2021 World Exploration Trends


Aleris launches US$400M notes offering

Aleris Corp.'s Aleris International Inc. unit launched a private offering of US$400 million senior secured junior priority notes due 2023, subject to market and other conditions, according to a June 4 release.

Proceeds from this offering, along with the proceeds of a proposed new senior first lien term loan and cash on hand, will be used to redeem its outstanding 7.875% senior notes due 2020 and 9.500% senior secured notes due 2021, as well as to repay a portion of its debt.

The notes will be guaranteed by Aleris and some of its subsidiaries.

Ohio-based Aleris manufactures and sells aluminum rolled products.