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Noranda Aluminum Holding Corporation
NOR announced today that its
Board of Directors has approved plans to pursue a debt refinancing of the
Company's senior secured credit facility, including both its term loan and
revolving credit facility. The refinancing is expected to result in two new
senior secured credit facilities in an aggregate amount of approximately $550
million, comprised of a term loan in an amount of approximately $300 million,
and an asset-based revolving credit facility in an amount of approximately
$250 million, which is anticipated to be undrawn at closing
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