Company: CENX
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038882
Chunk: 62

Company: CENTURY ALUMINUM CO
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 62
---
4 218.5 Property, plant and equipment - net54.5 232.1 Other assets10.9 23.1 TOTAL189.8 473.7 LIABILITIESLIABILITIES:Accounts payable, trade43.4 39.1 Accrued compensation and benefits6.1 8.5 Due to affiliates14.3 49.6 Accrued and other current liabilities2.7 7.2 Total current liabilities66.5 104.4 Accrued benefits costs - less current portion— 17.7 Other liabilities61.9 66.7 Asset retirement obligations - less current portion10.9 35.0 Total noncurrent liabilities72.8 119.4 TOTAL139.3 223.8 

16.  Subsequent Events

Refinancing TransactionsOn July 22, 2025, we completed the issuance of $400.0 million aggregate principal amount of 6.875% Senior Secured Notes due August 2032 (the "2032 Notes"). We received net proceeds of $395 million after payment of certain financing fees and related expenses. The net proceeds have been, or will be, applied as described below. The 2032 Notes bear interest semi-annually in arrears on February 1 and August 1 of each year, beginning on February 1, 2026, at a rate of 6.875% per annum payable in cash. The 2032 Notes are senior secured obligations of Century, ranking equally in right of payment with all existing and future senior indebtedness of Century, but effectively senior to unsecured debt to the extent of the value of collateral. The net proceeds from the 2032 Notes issuance were used to redeem the 2028 Notes and will be used to repay borrowings under the Company's credit facilities and to pay fees and expenses relating to these transactions.On July 22, 2025, we determined that all conditions precedent to the redemption (the “Redemption”) of our 2028 Notes pursuant to its Conditional Notice of Full Redemption issued on July 21, 2025 had been satisfied. Accordingly, the 2028 Notes were redeemed on August 5, 2025 at an aggregate redemption price of $261.1 million, consisting of 101.875% of the principal due and payable on the 2028 Notes plus accrued and unpaid interest to but excluding the August