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Stock impact report

Alcoa Corporation Amends and Restates Revolving Credit Agreement

Alcoa Corporation (AA) 
Last alcoa corporation earnings: 4/22 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
Company Research Source: Business Wire
PITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation (NYSE: AA), a global leader in bauxite, alumina, and aluminum products, today announced that it entered into an amended and restated $1.5 billion revolving credit agreement on November 21, 2018. This amended and restated revolving credit agreement, among other things: Extends the maturity date of the credit facility from November 14, 2022 to November 21, 2023; Permits release of the collateral should the Company achieve an investment grade rating with a stable outlook or better; Decreases the applicable interest rate margin on Libor and base rate loans, and subjects them to further decreases for so long as the Company has an investment grade rating; and Provides additional flexibility for the Company to make restricted payments, to make investments, and to incur indebtedness. Show less Read more
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