Company: CENX
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000949157-25-000024
Chunk: 125

Company: CENTURY ALUMINUM CO
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 125
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 2024$— $— Balance as of December 31, 2024$— $— Change in unrealized gains (losses) 2023 (2)$— $— Change in unrealized gains (losses) 2024 (2)$— $— (1)Transfer out of Level 3 due to period of time remaining in derivative contract.(2)Gains and losses are presented in the Consolidated Statements of Operations within the line item "Net gain (loss) on forward and derivative contracts."

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CENTURY ALUMINUM COMPANYNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(amounts in millions, except share and per share amounts)

8.  Debt

 December 31, 20242023Debt classified as current liabilities:  Hancock County industrial revenue bonds ("IRBs") due April 2028, interest payable quarterly (variable interest rates (not to exceed 12%)) (1)$7.8 $7.8 U.S. Revolving Credit Facility (2)20.0 23.7 Iceland Revolving Credit Facility (3)34.0 — Grundartangi Casthouse Facility (4)9.0 5.5 Iceland Term Facility— 1.3 Vlissingen Facility Agreement (5)— 10.0 Debt classified as non-current liabilities:  Grundartangi casthouse facility, net of financing fees of $0.0 million at December 31, 2024 (4)114.2 98.8 Vlissingen Facility Agreement (5)10.0 — 7.5% senior secured notes due April 1, 2028, net of financing fees of $1.9 million at December 31, 2024, interest payable semiannually248.1 247.4 2.75% convertible senior notes due May 1, 2028, net of financing fees of $1.2 million at December 31, 2024, interest payable semiannually85.1 84.7 Total$528.2 $479.2 (1)The IRBs are classified as current liabilities because they are remarketed weekly and could be required to be repaid upon demand if there is a failed remarketing. The interest rate at December 31, 2024 was 3.75%.(2