Business Context and Reporting Period
Company: Century Aluminum Company
Filing Type: Form 8-K (Current Report)
Date of Report: October 26, 2004
Event: Entry into Material Definitive Agreements regarding debt instruments.
Key Financial Metrics
This filing does not report operational financial metrics such as revenue, profit, cash flow, or margins. It focuses exclusively on capital structure and debt agreements.
- Convertible Senior Notes: $175,000,000 aggregate principal amount, 1.75% interest, due August 1, 2024.
- Senior Notes: $250,000,000 aggregate principal amount, 7.5% interest, due August 15, 2014.
- Senior Secured First Mortgage Notes: 11.75% interest, due 2008 (existing indenture referenced).
Material Changes
On October 26, 2004, Century Aluminum Company entered into two supplemental indentures to amend its existing debt agreements:
- Supplemental Indenture No. 1: Amends the indenture for the $175 million Convertible Senior Notes.
- Supplemental Indenture No. 2: Amends the indenture to provide for guarantees of the Convertible Senior Notes by the same subsidiaries that guarantee the $250 million Senior Notes.
- Condition: These guarantees for the Convertible Notes remain in effect only as long as the guarantees for the Senior Notes remain in effect.
Guidance, Outlook, and Risks
The filing contains standard forward-looking statements disclaiming any obligation to update projections. It notes that actual results may differ materially due to risks, uncertainties, and assumptions detailed in other SEC filings. No specific operational guidance or outlook is provided in this document.
Investor Verification Checklist
- Verify the specific subsidiaries providing guarantees for the Convertible Notes.
- Review the full text of Exhibits 4.1, 4.2, and 4.3 for complete terms of the supplemental indentures.
- Confirm the status of the guarantees for the $250 million Senior Notes, as the Convertible Note guarantees are contingent upon them.
- Check subsequent filings for any changes to the guarantee structure or debt covenants.