Novelis Announces Closing of €500 Million Senior Green Notes Offering
ATLANTA, March 31, 2021 /PRNewswire/ --Novelis Inc., the world leader in aluminum rolling and recycling, today announced the completion of the previously announced offering of 500 million aggregate principal amount of 3.375% euro-denominated senior green notes due April 15, 2029 by Novelis Sheet Ingot GmbH, an indirect wholly-owned subsidiary of Novelis.
- ATLANTA, March 31, 2021 /PRNewswire/ --Novelis Inc., the world leader in aluminum rolling and recycling, today announced the completion of the previously announced offering of 500 million aggregate principal amount of 3.375% euro-denominated senior green notes due April 15, 2029 by Novelis Sheet Ingot GmbH, an indirect wholly-owned subsidiary of Novelis.
- The Notes are guaranteed, jointly and severally, on a senior unsecured basis, by Novelis, and by certain Novelis subsidiaries.
- In addition, Novelis intends to allocate an amount equal to the net proceeds received from the offering to finance and/or refinance new and/or existing eligible green projects.
- The green notes were offered in a private offering that was exempt from the registration requirements of the Securities Act of 1933, as amended.