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 14, 2016


Century Aluminum Company
(Exact Name of Registrant as Specified in Charter)
Delaware
1-34474
13-3070826
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)

 
One South Wacker Drive
Suite 1000
Chicago, Illinois
(Address of Principal Executive Offices)
60606
(Zip Code)
(312) 696-3101
(Registrant's telephone number, including area code)
N/A
(Former Name or Former Address, if Changed Since Last Report)

 
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:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR   240.13e-4(c))





Item 1.01. Entry into a Material Definitive Agreement.
On April 14, 2016, Nordural Grundartangi ehf. ("Nordural Grundartangi"), a wholly-owned subsidiary of Century Aluminum Company, entered into an amendment to Nordural Grundartangi's Revolving Credit Facility, dated November 27, 2013, with Landsbankinn hf., as lender. The amendment, among other things, extends the maturity date of the credit facility to November 27, 2018.

The description of the amendment set forth above is qualified in its entirety by reference to the full terms and conditions of the amendment a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and which is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.
(d)        Exhibits.
Exhibit Number
 
Description
 
 
10.1
 
Amendment to the Revolving Credit Facility dated April 14, 2016.
 
 
 
 
 




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 hereunto duly authorized.

 
 
 
  CENTURY ALUMINUM COMPANY
Date:
April 15, 2016
By:
   /s/ Jesse E. Gary
 
 
 
Name:
Title:
Jesse E. Gary
Executive Vice President, General Counsel and Secretary




Exhibit Index

Exhibit Number
 
Description
 
 
10.1
 
Amendment to the Revolving Credit Facility dated April 14, 2016.
 
 
 
 
 





Exhibit 10.1
Amendment

to the Committed Revolving Credit Facility in the amount of USD 50.000.000, between Norðurál Grundartangi ehf., reg. no: 570297-2609, as the Borrower and Landsbankinn hf., reg. no. 471008-0280, as the Bank, dated November 27th 2013 (hereinafter referred to as the “Agreement”).

The Borrower and the Bank have agreed to make the following amendments to the Agreement:

1)
Libor

Definition of “Libor” in Clause 1.1 in the Agreement shall hereafter be as follows:

“Libor

means in relation to any amount to be advanced to, or owing by the Borrower hereunder on which interest for a given period is to accrue or be calculated, the percentage rate per annum equal to the offered quotation which appears on:

a)
Thomson Reuters or Bloomberg, ICE Benchmark Administration (ICE LIBOR), for the relevant currency for the period of the relevant Interest Period as at 11:00 a.m. (London time) 2 Banking Days prior to commencement of the relevant Interest Period;
b)
if no relevant quotes are available under (a) above an alternative variable rate shall be reasonably determined by the Lender.
Notwithstanding the foregoing, in no event shall LIBOR be less than 0.0%"
2)
Margin
Definition of “Margin” in Clause 1.1 in the Agreement shall hereafter be as follows: “ Margin means 3,60% per annum.”
3)
Termination date
Definition of Termination Date in Clause 1.1 in the Agreement shall hereafter be as follows:
“ Termination Date
means November 27th, 2018”
4)
Extension Fee

New clause 14.5 shall be added to article 14 (EXPENSES) and will be as follows from the signature date of this amendment:

“ 14.5 Extension Fee




In case of the Borrower request to extend the terms of this Agreement, the Borrower shall pay the bank an extension fee if such request is agreed by the Bank.”

5)
Other Provisions

For new extended Termination Date according to clause 3 in this amendment and in accordance with clause 14.5 in the Agreement, the Borrower shall pay the Bank extension fee amounting to 0,2% of the Facility Amount.

The Borrower accepts by signing this Amendment that the extension fee will be charged of the Borrower bank account.

Otherwise as not specifically stated in this Amendment, the Agreement shall be unaffected and shall be governed by the terms and conditions set forth in the Agreement.

The parties hereto have caused this Amendment to be duly executed in
Reykjavik, on April 14, 2016.

This Amendment has been prepared and signed in two copies of equal legal force, one copy for the Bank, and one copy for the Borrower.



On behalf of the Borrower    On behalf of Landsbankinn hf.

/s/ Ragnar Gudmundsson                  /s/ Steinthor Palsson        


/s/ Kristinn Bjarnason                      /s/ Olafur Magnusson