Century Aluminum to offer eight-year notes to fund nearly $250 m - Beckley, Bluefield & Lewisburg News, Weather, Sports

Century Aluminum to offer eight-year notes to fund nearly $250 million in notes

Posted: Updated:
  • Local NewsLocal NewsMore>>

  • Woman suffers minor injuries after car rolls on I-77 in Raleigh County

    Woman suffers minor injuries after car rolls on I-77 in Raleigh County

    Wednesday, July 30 2014 10:13 PM EDT2014-07-31 02:13:55 GMT
    Car rolled multiple times on I-77 North in Raleigh County.Car rolled multiple times on I-77 North in Raleigh County.
    In Raleigh County, a woman is miraculously not seriously injured, after her car rolls over on I-77 around 6:30 Wednesday night.An eyewitness tells us the woman was driving in the left lane on the northbound side. She suddenly veered off the road, over corrected,then slammed into the side of a tractor trailer. The car rolled multiple times before coming to a stop on it's roof.The witness says two small dogs ran out of the car. Moments later, the woman crawled out and ran after one of the dogs....
    In Raleigh County, a woman is miraculously not seriously injured, after her car rolls over on I-77 around 6:30 Wednesday night.An eyewitness tells us the woman was driving in the left lane on the northbound side. She suddenly veered off the road, over corrected,then slammed into the side of a tractor trailer. The car rolled multiple times before coming to a stop on it's roof.The witness says two small dogs ran out of the car. Moments later, the woman crawled out and ran after one of the dogs....
  • Alpha Natural Resources announces potential mine layoffs

    Alpha Natural Resources announces potential mine layoffs

    Thursday, July 31 2014 5:35 PM EDT2014-07-31 21:35:28 GMT
    Around 1,100 coal mining jobs in southern West Virginia could be in danger as Alpha Natural Resources plans to downsize their operations in the mountain state.  The coal mining company made the announcement on Thursday, July 31, 2014.
    Around 1,100 coal mining jobs in southern West Virginia could be in danger as Alpha Natural Resources plans to downsize their operations in the mountain state.  The coal mining company made the announcement on Thursday, July 31, 2014.
  • McDowell County man arrested for sex crimes

    McDowell County man arrested for sex crimes

    Thursday, July 31 2014 4:18 PM EDT2014-07-31 20:18:47 GMT
    George Allan Truhlar, 22, was a fugitive from Virginia. According to Sgt. Melissa Clemons with the Crimes Against Children Unit of the WVSP, Truhlar would exchange sexually explicit photos and videos with teenagers.
    George Allan Truhlar, 22, was a fugitive from Virginia. According to Sgt. Melissa Clemons with the Crimes Against Children Unit of the WVSP, Truhlar would exchange sexually explicit photos and videos with teenagers.

Century Aluminum is looking ahead with its debt.

The company announced May 20 plans to offer $250 million in senior, secured eight-year notes to fund $249.6 million in outstanding principal of 8 percent senior, secured notes that are due in 2014.

According to a news release, Century expects to fund the tender offer with the proceeds of a debt financing. The company is soliciting consents to wipe out most of the covenants, certain events of default applicable to the notes and other provisions in the indenture that governs the notes.

The offering is private, so the 2021 notes will be offered and sold only to qualified institutional buyers and certain non-U.S. people, in accordance with two separate Securities Act regulations, according to the news release. The 2021 notes have not been and will not be registered under the Securities Act, and they may not be offered or sold in the U.S. without registration or appropriate exemption from registration requirements, according to the news release.