Hindalco Industries Limited — Updates, 11-08-2025: Press Release

Hindalco's key subsidiary, Novelis Inc., is executing a major debt refinancing. Novelis Corp. plans to offer $750 million in new senior unsecured notes due 2033. Proceeds will fund a tender offer to buy back all its existing $750 million 3.250% Senior Notes due 2026. This move extends Novelis's debt maturity, strengthening its balance sheet and improving long-term financial flexibility.