CENTURY ALUMINUM CO : Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Other Events (form 8-K)

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On March 19, 2020, Century Aluminum Company (the "Company") incurred indebtedness under (i) its Second Amended and Restated Loan and Security Agreement, dated as of May 16, 2018, among the Company and certain of its subsidiaries, as borrowers, and Wells Fargo Capital Finance, LLC, as agent and lender (the "US Credit Agreement"), in an aggregate principal amount of $45 million and (ii) the Revolving Credit Facility, dated November 27, 2013, between Nordural Grundartangi ehf, our wholly-owned subsidiary as borrower, and Landsbankinn hf., as amended (together with the US Credit Agreement, the "Credit Agreements"), in a separate aggregate principal amount of $45 million (for a collective draw down of $90 million under the Credit Agreements). The material terms of the Credit Agreements are described in Note 6 of the Company' s Annual Report on Form 10-K for the fiscal year ended December 31, 2019.

The Company's borrowings under the Credit Agreements were a proactive measure taken by the Company to increase its cash position and preserve financial flexibility in light of the coronavirus (COVID-19) outbreak.

Item 8.01. Other Events.

On March 24, 2020, the Company issued a press release announcing that a one-year extension to its current collective bargaining agreement with the United Steelworkers Local 9423 was ratified on March 23, 2020 for the Company's Hawesville, Kentucky smelter. The extension is effective today and the agreement will now expire on April 1, 2021.

Forward-Looking Statements

This Current Report on Form 8-K contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements are statements about future events and are based on our current expectations. These forward-looking statements may be identified by the words "believe," "expect," "hope," "target," "anticipate," "intend," "plan," "seek," "estimate," "potential," "project," "scheduled," "forecast" or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," "might," or "may." Any statement that reflects expectations, assumptions or projections about the future, other than statements of historical fact, is a forward-looking statement. Where we express an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, our forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from future results expressed, projected or implied by those forward-looking statements. Important factors that could cause actual results and events to differ from those described in such forward-looking statements can be found in the risk factors and forward-looking statements cautionary language contained in our Annual Report on Form 10-K, quarterly reports on Form 10-Q and in other filings made with the Securities and Exchange Commission (the "SEC"), and also include uncertainties related to rapidly evolving coronavirus pandemic and the governmental and financial markets' responses thereto. Although we have attempted to identify those material factors that could cause actual results or events to differ from those described in such forward-looking statements, there may be other factors that could cause actual results or events to differ from those anticipated, estimated or intended. Many of these factors are beyond our ability to control or predict. Given these uncertainties, investors are cautioned not to place undue reliance on our forward-looking statements. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number      Description
  99.1                Press Release of Century Aluminum Company dated March 24,
                    2020

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