September 29, 2016 12:50 AM ET

Metals and Mining

Company Overview of Aleris International, Inc.

Company Overview

Aleris International, Inc., together with its subsidiaries, manufactures and sells aluminum rolled products. The company operates through North America, Europe, and Asia Pacific segments. It produces rolled aluminum and coated products for various applications, including building and construction, distribution, transportation, automotive, and other uses in the consumer durables general industrial segments, as well as rolled products, such as aerospace plate and sheet, brazing sheet, automotive sheet, and heat treated plate for engineering uses and other uses in the transportation, construction, and packaging industries. The company offers its products to end-users and distributors through sa...

25825 Science Park Drive

Suite 400

Cleveland, OH 44122

United States

Phone:

216-910-3400

Key Executives for Aleris International, Inc.

Chief Executive Officer, President and Director
Age: 49
Chief Financial Officer, Executive Vice President and Treasurer
Age: 42
Chief Technology Officer and Senior Vice President
Executive Vice President, General Counsel and Secretary
Age: 58
Vice President of Sales -Rolled Products North America
Compensation as of Fiscal Year 2016.

Aleris International, Inc. Key Developments

Aleris International, Inc. Announces Closing of Senior Secured Notes Offering

Aleris International, Inc. announced that it completed its previously announced offering of $550 million aggregate principal amount of 9.50% senior secured notes due 2021. The Notes are guaranteed by Aleris and certain of the company's subsidiaries. The Notes are secured by a first-priority lien on substantially all of its and the guarantors' owned and material U.S. real property, equipment and intellectual property and stock of the Company and the guarantors (other than Aleris) and other subsidiaries (including 100% of the outstanding non-voting stock (if any) and 65% of the outstanding voting stock of certain "first-tier" foreign subsidiaries and certain "first-tier" foreign subsidiary holding companies), but subject to permitted liens and excluding (i) inventory, accounts receivable, deposit accounts and related assets, which assets secure the Company's $600 million asset backed revolving credit facility on a first-priority basis, (ii) the assets associated with the Company's Lewisport, Kentucky facility and (iii) certain other excluded assets. The net proceeds from the sale of the Notes will be used (i) to complete a cash tender offer for any and all of its outstanding $434.9 million aggregate principal amount of 7?% Senior Notes due 2018, including the payment of related fees and expenses, (ii) to redeem and discharge any of its outstanding 2018 Notes that are not purchased in the Tender Offer, including the payment of related fees and expenses and any redemption premium, and (iii) for general corporate purposes, which may include working capital and/or capital expenditures.

Aleris International, Inc. Announces Pricing of Senior Secured Notes Offering

Aleris International, Inc. announced that it priced a private offering of $550 million aggregate principal amount of 9.50% senior secured notes due 2021 at par, which represents an increase of $100 million from the offering size previously announced. The Notes will be guaranteed by Aleris and certain of the company's subsidiaries. The Notes will be secured by a first-priority lien on substantially all of the company's and the guarantors' owned and material U.S. real property, equipment and intellectual property and stock of the company and the guarantors (other than Aleris) and other subsidiaries (including 100% of the outstanding non-voting stock (if any) and 65% of the outstanding voting stock of certain "first-tier" foreign subsidiaries and certain "first-tier" foreign subsidiary holding companies), but subject to permitted liens and excluding (i) inventory, accounts receivable, deposit accounts and related assets, which assets secure the company's $600 million asset backed revolving credit facility on a first-priority basis, (ii) the assets associated with the company's Lewisport, Kentucky facility and (iii) certain other excluded assets. The offering is expected to close on April 4, 2016, subject to customary closing conditions. The company intends to use the net proceeds from the sale of the Notes (i) to complete a cash tender offer (the "Tender Offer") for any and all of its outstanding $434.9 million aggregate principal amount of 7% Senior Notes due 2018 (the "2018 Notes"), including the payment of related fees and expenses, (ii) to redeem and discharge any of its outstanding 2018 Notes that are not purchased in the Tender Offer, including the payment of related fees and expenses and any redemption premium, and (iii) for general corporate purposes, which may include working capital and/or capital expenditures.

Aleris International, Inc. Announces Private Offering of $450 Million Aggregate Principal Amount of Senior Secured Notes Due 2021

Aleris International, Inc., the direct wholly owned subsidiary of Aleris Corporation announced that it intends to commence a private offering of $450 million aggregate principal amount of senior secured notes due 2021. The notes will be guaranteed by Aleris and certain of the company's subsidiaries. The notes will be secured by a first-priority lien on substantially all of the company and the guarantors' U.S. real property, equipment, intellectual property and stock of the issuer and the guarantors (other than Aleris) and other subsidiaries, but subject to permitted liens and excluding (i) inventory, accounts receivable, deposit accounts and related assets, which assets secure the company's $600.0 million asset backed revolving credit facility on a first-priority basis, and (ii) the assets associated with the company's Lewisport, Kentucky facility. The company intends to use the net proceeds from the sale of the notes, together with cash on hand, (i) to complete a cash tender offer for any and all of its outstanding $434.9 million aggregate principal amount of 7% Senior Notes due 2018, including the payment of related fees and expenses, and (ii) to redeem and discharge any of its outstanding 2018 notes that are not purchased in the tender offer, including the payment of related fees and expenses and any redemption premium.

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