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Alcoa Corporation Announces Pricing 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, has priced an offering of $500,000,000 aggregate principal amount of 6.125% senior notes due 2028. The sale of the notes is expected to be completed on May 17, 2018, subject to customary closing conditions. The issuer intends to use the net proceeds from the issuance of the notes being offered for general corporate purposes, including to make mandatory or discretionary contributions to Alcoa’s U.S. pension and other postretirement benefit plans. The notes will be guaranteed on a senior unsecured basis by Alcoa and certain of its subsidiaries. The notes and related guarantees will be sold in a private placement to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities A [Read more]

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