FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): October 17, 1996
KAISER ALUMINUM & CHEMICAL CORPORATION
(Exact name of Registrant as Specified in its Charter)
DELAWARE
(State or other jurisdiction of incorporation)
1-3605
(Commission File Number)
94-0928288
(I.R.S. Employer Identification Number)
6177 SUNOL BOULEVARD
PLEASANTON, CALIFORNIA 94566-7769
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code: (510) 462-1122
ITEM 5. Other Events
On October 17, 1996, the registrant announced in a press
release that it had priced its Rule 144A offering of $175 million principal
amount of 10 7/8% Senior Notes due 2006 at 99.5% of their principal amount
to yield 10.96% to maturity. A copy of the press release issued in this
connection is incorporated by reference herein and is attached hereto as
Exhibit 99.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit 99: Press Release dated October 17, 1996
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.
Date: October 23, 1996 KAISER ALUMINUM & CHEMICAL
CORPORATION
By: BYRON L. WADE
Byron L. Wade
Vice President, Secretary and
Deputy General Counsel
EXHIBIT INDEX
Exhibit 99. Press Release dated October 17, 1996
Exhibit 99
Public Relations: Bryan Oakley
Telephone: 713/267-0023
Investor Relations: Scott Lamb
Telephone: 713/267-3826
October 17, 1996
KAISER ALUMINUM & CHEMICAL CORPORATION PRICES 144A OFFERING OF $175 MILLION
OF 10-7/8% SENIOR NOTES
HOUSTON, Texas, October 17, 1996 -- Kaiser Aluminum & Chemical
Corporation (KACC), the operating subsidiary of Kaiser Aluminum Corporation
(KAC), announced that it has priced its Rule 144A offering of $175 million
principal amount of 10-7/8% Senior Notes due 2006 at 99.5% of their
principal amount to yield 10.96% to maturity. The notes are non-callable
for five years. KACC expects to close the sale of the notes on October 23,
1996.
The Senior Notes will not be registered under the Securities Act
of 1933 and may not be offered or sold in the United States absent
registration or an applicable exemption from registration requirements.
KACC is one of the world's leading producers of alumina, primary
aluminum, and semi-fabricated aluminum products, and is a major supplier of
alumina and primary aluminum in the domestic and international markets. It
is a wholly owned subsidiary of KAC (NYSE:KLU). MAXXAM Inc. (ASE:MXM)
holds approximately 62 percent of KAC on a fully diluted basis.
F-715
