Novelis launches $750m debt refinancing with tender offer

Novelis Inc., a subsidiary of Hindalco Industries, announced a cash tender offer to purchase all of its outstanding 3.250% senior notes due November 2026, totaling $750 million.

The company is simultaneously offering $750 million in new senior unsecured notes due 2033 through a private placement. Proceeds will fund the tender offer and associated fees.

The tender offer expires August 15, 2025, with consideration of $997.50 per $1,000 principal amount.