Kaiser Aluminium Corporation announced that it has entered into USD 300 million, 5 year senior secured revolving credit facility by amending and restating the Company's previously existing facility. The amended facility increases the lending commitment by USD 100 million provides more favorable pricing and greater flexibility and extends the maturity date from March 2014 to September 2016.

On the effective date of September 30th 2011 borrowing availability net of outstanding letters of credit was USD 281 million based upon a borrowing base of eligible accounts receivable and inventory and certain machinery and equipment. There are no borrowings under the revolving credit facility.

Mr Jack A Hockema president CEO and chairman of Kaiser Aluminium said that "The amended facility further strengthens our liquidity position and provides greater flexibility to continue to pursue organic and acquisition growth opportunities. We are pleased that our lead lending banks have acknowledged our strong business model and prudent financial management and we appreciate their continued support.”