Noranda Aluminum Acquisition Corporation Announces Partial Cash Tender Offer For Its Senior Floating Rate Notes Due 2015

Noranda Aluminum Acquisition Corporation (“Noranda”), a leading North American integrated producer of value-added primary aluminum products, today announced the commencement of a modified “Dutch Auction” tender offer (the “Offer”) for a portion of its outstanding Senior Floating Rate Notes due 2015 (the “Notes”). A summary of the offer is outlined below:

Title of Security

CUSIP Number

Principal Amount Outstanding (1)

Tender Cap

Early Tender Payment (2 )

Total Consideration Acceptable Range (2) (3)
 

Senior Floating Rate Notes due 2015
65543AAB0

$350,310,860
$75,000,000

$30.00

$950.00 to $997.50
 

(1) Aggregate principal amount outstanding as of February 21, 2012.

(2) Per $1,000 principal amount of Notes accepted for purchase and excluding accrued and unpaid interest, which will be paid in addition to the Total Consideration

(3) Includes the Early Tender Payment.

Noranda is offering to purchase, for cash, up to $75 million (the “Tender Cap”) aggregate principal amount of the Notes, in accordance with the modified Dutch Auction procedures, described below. As of February 21, 2012, approximately $350 million aggregate principal amount of Notes were outstanding.

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