Novelis extends exchange offer for US$1.1B aggregate principal amount of 8.375% senior notes due 2017 and US$1.4B aggregate principal amount of 8.75% senior notes due 2020
April 8, 2011
– Novelis Inc., the world's leading producer of aluminum rolled products, today announced that it will extend until 5 p.m. New York City time on April 13, 2011, unless further extended, its offer to exchange all of its outstanding $1.1 billion aggregate principal amount of 8.375% Senior Notes due 2017 and $1.4 billion aggregate principal amount of 8.75% Senior Notes due 2020 for new 8.375% Senior Notes due 2017 and 8.75% Senior Notes due 2020 that have been registered under the Securities Act of 1933. All other terms, provisions and conditions of the exchange offer will remain in full force and effect as set forth in the prospectus dated March 10, 2011.
Prior to the extension, the exchange offer was scheduled to expire at 5 p.m. New York City time on April 7, 2011. As of 5 p.m. New York City time on April 7, 2011, $1,098,000,000.00 of the 8.375% Senior Notes due 2017 and $1,388,500,000.00 of the 8.75% Senior Notes due 2020 were validly tendered and accepted for exchange according to the exchange agent. This amount represents approximately 99.82% of the 8.375% Senior Notes due 2017 and 99.18% of the 8.75% Senior Notes due 2020.
This notice does not constitute an offer to exchange new notes for the old notes or the solicitation of an offer to exchange. The Bank of New York Mellon Trust Company, N.A. has been appointed exchange agent for the exchange offer and requests for assistance with respect to exchange offer procedures or documents should be directed to The Bank of New York Mellon Trust Company, N.A. at +1 212-815-5920.
Novelis Inc. is the global leader in aluminum rolled products and aluminum can recycling. The Company operates in 11 countries, has approximately 11,600 employees and reported revenue of $8.7 billion in fiscal year 2010. Novelis supplies premium aluminum sheet and foil products to automotive, transportation, packaging, construction, industrial, electronics and printing markets throughout North America, Europe, Asia, and South America. Novelis is a subsidiary of Hindalco Industries Limited (BSE: HINDALCO), one of Asia's largest integrated producers of aluminum and a leading copper producer. Hindalco is a flagship company of the Aditya Birla Group, a multinational conglomerate based in Mumbai, India. For more information, please visit www.novelis.com.