Novelis secures a $1-billion credit line from Wells Fargo

Jun 05, 2013 | 04:27 PM | Michael Cowden

Tags  Novelis, Steve Fisher, Wells Fargo Capital Finance, Wells Fargo, Henry Jordan, credit line, working capital, capital expenditures capacity expansion

CHICAGO — Novelis Inc. has landed a $1-billion credit line that will be used to fund working capital, capital expenditures and general corporate expenses at the aluminum company, according to a division of Wells Fargo & Co.

"We are pleased to have been able to complete such an important financing for Novelis as their business continues to grow around the world," Henry Jordan, chairman and chief executive officer of Wells Fargo Capital Finance, said in a statement June 4. The bank acted as left lead arranger, book....

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