Item 1.01. Entry into a Material Definitive Agreement.
Indenture
On
The Notes mature on
The Indenture contains customary terms and covenants, including that upon certain events of default occurring and continuing, either the Trustee or certain holders of at least 25% in aggregate principal amount of the Notes then outstanding may declare the entire principal amount of all the Notes, and the interest accrued on such Notes, to be immediately due and payable.
The Company has various relationships with the initial purchasers. Certain of the initial purchasers and their affiliates have engaged, and may in the future engage, in investment banking, commercial banking and other financial advisory and commercial dealings with the Company and its affiliates. In addition, certain of the initial purchasers and/or their affiliates are lenders and/or agents under our existing revolving credit facility. These agents and lenders, or their respective affiliates, have received, and may in the future receive, customary fees and expenses for those services. The trustee of our existing 6.500% senior notes due 2025 and 4.625% senior notes due 2028 and the Trustee is an affiliate of one of the initial purchasers and an affiliate of a lender and/or agent under our existing revolving credit facility.
The preceding description of the Indenture and the Notes is a summary and is qualified in its entirety by the Indenture and form of the Notes, which are filed as Exhibit 4.1 and Exhibit 4.2, respectively, hereto and are incorporated by reference herein.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Number Exhibit 4.1 Indenture, datedMay 20, 2021 , amongKaiser Aluminum Corporation , each of the guarantors named therein andWells Fargo Bank, National Association , as Trustee. 4.2 Form of 4.50% Senior Note due 2031 (included in Exhibit 4.1). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). - 2 -
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