Kaiser Aluminum Raises Revolving Credit Facility To $265 Million

Kaiser Aluminum Corp. (KALU) increased its revolving credit facility to $265 million from $200 million.

The Foothill Ranch, Calif., aluminum products maker said it used the additional available cash to repay an outstanding $50 million term loan.

Kaiser said it expects annual interest expense savings of about $2 million from the repayment of the term loan.