Novelis Successfully Completes Tender Offer for 3.250% Senior Notes Due November 2026
ATLANTA, August 15, 2025 – Novelis Inc., a leading global producer of flat-rolled aluminum products, today announced the successful completion of its previously announced cash tender offer for any and all of its outstanding 3.250% Senior Notes due November 15, 2026 (the “Notes”). The offer expired at 5:00 p.m., New York City time, on August 14, 2025.
The tender offer was made pursuant to the terms and conditions set forth in Novelis’ Offer to Purchase, dated July 17, 2025, as amended by the Amended Offer to Purchase dated August 11, 2025 (collectively, the “Offer Documents”).
According to the information received from D.F. King & Co., Inc., the tender agent for the offer, approximately $704.5 million aggregate principal amount of the Notes, representing about 98.53% of the total outstanding principal amount of the Notes, were validly tendered and not validly withdrawn at or prior to the expiration time.
Novelis has accepted for purchase all Notes validly tendered and not validly withdrawn. The company expects to pay the aggregate purchase price for the tendered Notes on or about August 18, 2025. This will include the applicable purchase price, plus accrued and unpaid interest from the last interest payment date to, but not including, the settlement date.
This tender offer is part of Novelis’ ongoing efforts to proactively manage its capital structure. The successful completion of this offer demonstrates the company’s commitment to optimizing its debt profile and enhancing financial flexibility.
BofA Securities, Inc. acted as the sole dealer manager for the tender offer.
About Novelis Inc.
Novelis Inc. is a subsidiary of Hindalco Industries Limited, an Aditya Birla Group company. Novelis is a leading producer of flat rolled aluminum products and the world’s largest recycler of aluminum. The company is driven by its purpose to shape a sustainable world through innovative aluminum solutions. Novelis operates an integrated global network of production facilities and has approximately 14,000 employees.
Novelis Announces Results of Tender Offer for 3.250% Senior Notes due November 2026
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