Jul. 17 at 11:34 AM
$CENX prices
$400M secured notes — what’s the play here? 💼
Century Aluminum aims to use the proceeds to refinance its 7.50% notes due 2028, repay borrowings under its credit facilities, and cover associated transaction fees and expenses, with new 6.875% notes maturing in 2032. Shares have climbed 12.8% over the past year, lagging behind the industry's 22.8% growth.
Opportunity assessment here 👉 https://www.zacks.com/stock/news/2588141/cenx-prices-private-offering-of-6875-senior-secured-notes?cid=sm-stocktwits-2-2588141-body-2205&ADID=SYND_STOCKTWITS_TWEET_2_2588141_BODY_2205
