Novelis’ $1.5 Billion Notes Offering

Fried Frank acted as counsel to Novelis Corporation on the deal.

Novelis Corporation (Novelis) executed the issuance of US$750 million aggregate principal amount of 3.250% senior notes due 2026 and the issuance of US$750 million aggregate principal amount of 3.875% senior notes due 2031. Novelis intends to use the net proceeds of the offering, together with cash on hand, to redeem in full its outstanding 5.875% senior notes due 2026 and to pay related fees and expenses.

Novelis is a global leader in innovative products and services and the world’s largest recycler of aluminum with customers in the aerospace, automotive, beverage can, and specialties industries.

The Fried Frank team was led by corporate partners Daniel J. Bursky (Picture), Joshua T. Coleman, and Ezra Schneck and included tax partner Michael J. Alter; tax special counsel Ryan L. Conley; corporate associates Tristan Schmidt, Charles Stern, and Erica Perlmutter; and tax associate David Federgrun. 

Involved fees earner: Michael Alter – Fried Frank Harris Shriver & Jacobson; Daniel Bursky – Fried Frank Harris Shriver & Jacobson; Joshua Thomas Coleman – Fried Frank Harris Shriver & Jacobson; Ryan Conley – Fried Frank Harris Shriver & Jacobson; David Federgrun – Fried Frank Harris Shriver & Jacobson; Erica Perlmutter – Fried Frank Harris Shriver & Jacobson; Tristan Schmidt – Fried Frank Harris Shriver & Jacobson; Ezra Schneck – Fried Frank Harris Shriver & Jacobson; Charles Stern – Fried Frank Harris Shriver & Jacobson;

Law Firms: Fried Frank Harris Shriver & Jacobson;

Clients: Novelis Inc.;

Author: Martina Bellini