Davis Polk advised the initial purchasers in connection with a Rule 144A offering by Century Aluminum Company of $86.25 million aggregate principal amount of its 2.750% convertible senior notes due 2028, including $11.25 million aggregate principal amount of convertible senior notes pursuant to the exercise of the initial purchasers’ option to purchase additional securities. In addition, Davis Polk advised counterparties to capped call transactions in connection with the offering.
Century Aluminum Company is a global producer of primary aluminum and operates aluminum reduction facilities in the United States and Iceland. Century’s corporate offices are located in Chicago, Illinois.
The Davis Polk corporate team included partners Pedro J. Bermeo and Michael Kaplan and associates Chris Van Buren and Chan Tov McNamara. The equity derivatives team included partner Ray Ibrahim, counsel Faisal Baloch and associates Michael J. Russo, Danielle Forni and Lindsey B. Meyers-Perez. The tax team included partner Mario J. Verdolini. Members of the Davis Polk team are based in the New York and São Paulo offices.