UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date
of
Report (Date of earliest event reported): April 30, 2007
Century
Aluminum Company
(Exact
name of registrant as specified in its charter)
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Delaware
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0-27918
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13-3070826
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(State
or other jurisdiction of Incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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2511
Garden Road
Building
A, Suite 200
Monterey,
California
(Address
of principal executive offices)
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93940
(Zip
Code)
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(831)
642-9300
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(Registrant's
telephone number, including area code)
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N/A
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(Former
name or former address, if changed since last
report)
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Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
□
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
□
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
□
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
□
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item
2.03, Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant
On
April
30, 2007, Nordural ehf (“Nordural”),
a
wholly-owned subsidiary of Century Aluminum Company, amended the terms of its
$365 million senior term loan facility (“Term
Loan Facility”)
with
Landsbanki Íslands hf., Kaupthing Bank hf., Nordic Investment Bank,
Íslandsbanki, HSH Nordbank A.G., Credit Suisse First Boston International and
Fortis SA/NV to clarify that any optional prepayments made by Nordural would
first be applied to reduce any remaining installment payments due under the
Term
Loan Facility in chronological order of required payment.
Concurrently
with this amendment, Nordural made a $70.0 million payment that was applied
to
amounts outstanding under the Term Loan Facility. When combined with the $15.5
million payment made by Nordural on February 26, 2007 and the $14.0 million
payment made by Nordural on March 30, 2007, the principal amount outstanding
under the Term Loan Facility has been reduced to $261.5 million as of April
30,
2007. The Term Loan Facility, which had an aggregate outstanding principal
amount of $361.0 million in February 2007 after Nordural completed its final
drawdown, has been used by Nordural to fund the ongoing expansion of its
production facility in Grundartangi, Iceland from 90,000 metric tons per year
(“MTPY”) to 260,000 MTPY.
Forward-Looking
Statements
The
information in this Form 8-K may contain "forward-looking statements" within
the
meaning of U.S. federal securities laws. The Company has based its
forward-looking statements on current expectations and projections about
the
future, however, these statements are subject to risks, uncertainties and
assumptions, any of which could cause the Company's actual results to differ
materially from those expressed in its forward-looking statements. More
information about these risks, uncertainties and assumptions can be found
in the
risk factors and forward-looking statements cautionary language contained
in the
Company's Annual Report on Form 10-K and in other filings made with the
Securities and Exchange Commission. The Company does not undertake, and
specifically disclaims, any obligation to revise any forward-looking statements
to reflect the occurrence of anticipated or unanticipated events or
circumstances after the date such forward-looking statements are
made.
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 thereunto
duly authorized.
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CENTURY
ALUMINUM COMPANY
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Date:
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May
4, 2007
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By:
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/s/ ROBERT R. NIELSEN
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Name:
Robert R. Nielsen
Title:
Executive Vice President, General Counsel and
Secretary
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