Noranda Aluminum Holding Corporation announced today that it has closed its previously announced underwritten initial public offering of 11,500,000 shares of its common stock at $8.00 per share. The number of shares sold includes 1,500,000 shares as a result of the full exercise of the underwriters' over-allotment option. The net proceeds from the offering were approximately $81.6 million after deducting underwriting discounts and commission and the estimated expenses of the offering payable by Noranda.
About the Company
Noranda Aluminum Holding Corporation is a leading North American integrated producer of value-added primary aluminum products, as well as high quality rolled aluminum coils. Noranda is controlled by affiliates of Apollo Management, L.P.
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