Simpson Thacher Represents Initial Purchasers in $375 Million Senior Notes Offering for Kaiser Aluminum Corporation
05.18.16
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Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, in connection with a Rule 144A and Regulation S offering by Kaiser Aluminum Corporation of $375 million aggregate principal amount of 5.875% Senior Notes due 2024. Kaiser Aluminum intends to use the net proceeds to redeem its existing notes and for general corporate purposes, which may include, among other things, capital spending, acquisitions and repurchases of its common stock.
Kaiser Aluminum Corporation is a leading producer of semi-fabricated specialty aluminum products, serving customers worldwide with highly engineered solutions for aerospace and high-strength, general engineering, and custom automotive and industrial applications.
The Simpson Thacher team for the transaction included Lesley Peng, Tony Rim, Elina Alperovich and Cameron Williamson (Capital Markets); Jonathan Cantor and George Davis (Tax); Adeeb Fadil and Noreen Lavan (Environmental); Aimee Adler and Monisha Bhayana (Executive Compensation and Employee Benefits); and Jennie Getsin (Blue Sky). Thomas Killeen also provided valuable assistance.