UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.02. Termination of a Material Definitive Agreement.
As previously disclosed in a Current Report on Form 8-K, dated July 26, 2021, Novelis Corporation (the “Company”), a wholly owned subsidiary of Novelis Inc., delivered a notice (the “Original Notice”) for the conditional redemption of all of its then outstanding 5.875% Senior Notes due 2026 (the “2026 Notes”) pursuant to the indenture, dated as of September 14, 2016 (the “2026 Notes Indenture”), among the Company, the guarantors party thereto from time to time and Regions Bank, as trustee.
As a result of completing the offering of senior notes by the Company on August 11, 2021, the redemption conditions (the “Redemption Conditions”) set forth in the Original Notice were satisfied and on August 23, 2021, the Company delivered an amended conditional notice that the Redemption Conditions have been satisfied and that it would redeem all of the 2026 Notes on August 25, 2021 (the “Redemption Date”). On August 24, 2021, the Company deposited sufficient funds with the trustee to redeem the 2026 Notes and on August 25, 2021, instructed such trustee to apply the deposited funds to redeem in full the aggregate principal amount of the 2026 Notes outstanding on the Redemption Date. As a result, the 2026 Notes have been redeemed and the 2026 Notes Indenture has been satisfied and discharged in accordance with its terms. Notwithstanding the foregoing, certain customary provisions of the 2026 Notes Indenture, including those relating to the compensation and indemnification of the trustee, will survive. The 2026 Notes were redeemed at a redemption price equal to 103.381% of the principal amount thereof, plus accrued and unpaid interest to August 25, 2021.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| NOVELIS INC. | ||||||
| Date: August 25, 2021 | By: | /s/ Christopher Courts | ||||
| Christopher Courts | ||||||
| General Counsel, Corporate Secretary and Compliance Officer | ||||||