Novelis raises USD1.15 billion in senior notes due 2024
Proceeds of the offering will be used to retire Novelis' outstanding 8.375% senior notes due 2017
Novelis’s wholly owned subsidiary Novelis Corp has raised USD1.15 billion by issuing 6.25% senior notes due 2024, the company said in a press release on 29 August. The notes are guaranteed, jointly and severally, on a senior unsecured basis, by Novelis, and by some of its subsidiaries, according to the press release.
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