August 20, 2014 12:33 PM ET

Metals and Mining

Company Overview of Noranda Aluminum Acquisition Corp.

Company Overview

Noranda Aluminum Acquisition Corp. was formerly known as Music City Acquisition Corporation. The company was founded in 2007 and is based in Franklin, Tennessee. Noranda Aluminum Acquisition Corp. operates as a subsidiary of Noranda Aluminum Holding Corp.

801 Crescent Drive

Suite 600

Franklin, TN 37067

United States

Founded in 2007

Phone:

615-771-5711

Key Executives for Noranda Aluminum Acquisition Corp.

President and Chief Executive Officer
Chief Financial Officer
Age: 65
Vice President of Legal and Human Resources
Age: 67
Compensation as of Fiscal Year 2014.

Noranda Aluminum Acquisition Corp. Key Developments

Noranda Aluminum Acquisition Corp. Enters into an Incremental Amendment No. 2 to Credit Agreement

On May 29, 2013, Noranda Aluminum Acquisition Corp. entered into an Incremental Amendment No. 2 to Credit Agreement among AcquisitionCo, Bank of America, N.A., as incremental term lender and Bank of America, N.A., as administrative agent, to its existing Senior Secured Term B Loan Facility. The Amendment provides for an incremental borrowing of $50.0 million, increasing the aggregate principal amount currently outstanding under the current Senior Secured Term B Loan Facility to $481.5 million. Borrowings under the Amendment will be due and payable on February 28, 2019 and will have the same terms as borrowings under the existing Senior Secured Term B Loan Facility.

Noranda Aluminum Acquisition Corp. Announces $50 Million Incremental Term Loan Facility and $15 Million Incremental ABL Commitments

Noranda Aluminum Acquisition Corp. announced that it has entered into an incremental term loan facility in the amount of $50 million under its existing term loan credit agreement. The New Loans will mature in 2019. AcquisitionCo will use the net proceeds from the New Loans for general corporate purposes. Separately, the company announced that AcquisitionCo has entered into an incremental asset-based revolving credit facility, consisting of $15 million in additional commitments on a "first-in, last-out" basis, under its existing asset-based revolving credit agreement. No funds were drawn under the Incremental ABL at closing. Loans under the Incremental ABL will mature in 2017. AcquisitionCo will use the proceeds of any such loans for general corporate purposes.

Noranda Aluminum Acquisition Corp. Completes Private Offering of $175 Million Aggregate Principal Amount of Senior Unsecured Notes Due 2019

Noranda Aluminum Holding Corporation announced that Noranda Aluminum Acquisition Corporation, its wholly-owned subsidiary, has completed its previously announced private offering of $175 million aggregate principal amount of senior unsecured notes due 2019. Noranda also announced that AcquisitionCo entered into an incremental term loan facility in the amount of $110 million under its existing term loan credit agreement. The New Loans will also mature in 2019. AcquisitionCo will use the net proceeds from the offering of the Notes and the New Loans to fund the redemption of all of its outstanding Senior Floating Rate Notes due 2015, representing an aggregate principal amount of approximately $275.3 million as of the date hereof, with the balance to be used for general corporate purposes. The Redemption, which will occur on April 7, 2013, was called and will be made pursuant to the redemption terms and notice provisions of the indenture governing the Senior Floating Rate Notes due 2015.

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