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Alcoa Corporation Announces Closing of Debt Offering

ALCOA (AA)  More Company Research Source: Business Wire
Last alcoa earnings: 7/18 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
PDF PITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation (NYSE:AA) (“Alcoa”) announced today that Alcoa Nederland Holding B.V. (the “issuer”), a wholly-owned subsidiary of Alcoa, closed its offering of $500,000,000 aggregate principal amount of 6.125% senior notes due 2028. The issuer intends to use the net proceeds from the issuance of the notes for general corporate purposes, including to make mandatory or discretionary contributions to Alcoa’s U.S. pension and other postretirement benefit plans. The notes are guaranteed on a senior unsecured basis by Alcoa and certain of its subsidiaries. The notes and related guarantees were sold in a private placement to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-United States persons in offshore transactions in accordance with Regulation S under the Securities Ac [Read more]

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