FRANKLIN, Tenn.--March 12, 2014--Noranda Aluminum Holding Corporation (NOR) (the "Company") announced today the pricing of the previously announced secondary public offering of 10,000,000 shares of the Company`s common stock held by certain funds affiliated with Apollo Global Management, LLC (the "Selling Stockholders"). The underwriter also has a 30-day option to purchase up to an additional 1,500,000 shares of common stock from the Selling Stockholders. The Company will not sell any shares in the offering and will not receive any proceeds from the offering.
The underwriter may offer the shares of Company common stock in transactions on the New York Stock Exchange, 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 rates or at negotiated prices.
The offering is expected to close on or about March 17, 2014, subject to customary closing conditions.
Morgan Stanley is the sole underwriter for the offering. A shelf registration statement (including prospectus) (File No. 333-172640) relating to the shares is effective with the Securities and Exchange Commission ("SEC"). Before you invest, you should read the prospectus and other documents filed with the SEC for more complete information about the Company and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies of the prospectus and prospectus supplement, when available, may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering of these shares of common stock is being made only by means of a prospectus supplement and related prospectus.
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.
Certain statements and information included in this release may constitute "forward looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied in such forward looking statements. Additional discussion of factors that could cause actual results to differ materially from management`s projections, forecasts, estimates and expectations is contained in the companies` Securities and Exchange Commission filings. The companies do not undertake any obligation to update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
Noranda Aluminum Holding Corporation
Dale W. Boyles
Chief Financial Officer
John A. Parker
Vice President of Communication and Investor Relations
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Noranda Aluminum Holding Corporation via GlobeNewswire
- Investment & Company Information
- New York Stock Exchange
- Apollo Global Management, LLC
- Morgan Stanley