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Noranda Aluminum Holding Corporation Announces 10M Share Secondary Offering of Common Stock by Apollo


Noranda Aluminum Holding Corporation (NYSE: NOR) announced today a public secondary offering of 10 million shares of common stock by certain investment funds affiliated with or managed by Apollo Management VI, L.P. pursuant to an underwriting agreement among the Company, Apollo and UBS Investment Bank, as underwriter, providing for the sale of the Shares. Apollo has granted to UBS Investment Bank an option to purchase up to 1.5 million additional shares of common stock. Noranda will not receive any of the proceeds from the sale of Shares by Apollo.

The offering will be made pursuant to Noranda's registration statement on Form S-3 (File No. 333-172640) filed with the Securities and Exchange Commission on March 7, 2011, and related preliminary prospectus supplement (“Prospectus Supplement”) filed today. UBS Investment Bank may offer the shares of common stock on the NYSE, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.

Posted-In: News Offerings


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