Century Aluminum to offer eight-year notes to fund nearly $250 million in notes

Century Aluminum Company ("Century") announced today a proposed offering of $250 million aggregate principal amount of senior secured notes due 2021 (the "2021 Notes"). Century also announced today that it has commenced a cash tender offer for any and all of its $249,603,550 outstanding principal amount of 8% Senior Secured Notes due 2014 (the "2014 Notes"). Century intends to use all net proceeds from the sale of the 2021 Notes to repay all of its 2014 Notes.

As the offering is a private placement, the 2021 Notes will be offered and sold only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933 (the "Securities Act") and to certain non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. The 2021 Notes to be offered have not been and will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.