CHARLESTON, S.C., March 11, 2025 — JW Aluminum Continuous Cast Company (collectively with its subsidiaries, the “Company”), a wholly-owned subsidiary of JW Aluminum Holding Corp., today priced an offering of $350 million aggregate principal amount of 10.250% Senior Secured Notes due 2030 (the “Notes”) at par. The Notes are being offered in a private offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The Company is offering the Notes to qualified institutional buyers in accordance with Rule 144A or outside the United States in accordance with Regulation S under the Securities Act.
The net proceeds from the offering and cash on hand will be used to redeem the Company’s outstanding 10.25% senior secured notes due 2026 (the “2026 Notes”) on or about March 25, 2025 at a redemption price of 100.000% of the principal amount thereof, plus accrued and unpaid interest, if any, to the redemption date, to pay dividends in an amount of up to $50 million by the Company to its parent company and for general corporate purposes.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Notes, nor does it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. The offer and sale of the Notes will not be registered under the Securities Act or applicable state securities laws, and the Notes are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and outside the United States in accordance with Regulation S under the Securities Act. Unless so registered, the Notes cannot be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.
About JW Aluminum:
JW Aluminum is a U.S. manufacturer of specialty, flat-rolled aluminum products focused on attractive niche markets within the approximately 10.9 billion pound North American flat-rolled aluminum industry. The Company’s rolled aluminum products are primarily sold to the building and construction, heating, ventilation, air conditioning, and refrigeration, and transportation markets. Headquartered in Charleston, South Carolina, the Company operates plants in Mount Holly, South Carolina and Russellville, Arkansas.
Contacts
JW Aluminum Company
Philip Cavatoni, Chief Financial Officer
843-764-8302
[email protected]
SOURCE JW Aluminum
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