Alcoa gains improved terms with amended and restated Revolving Credit Facility
Alcoa Corporation (AA)
Last alcoa corporation earnings: 4/22 04:10 pm
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Source: Business Wire
PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA) today announced it has amended and restated its existing Revolving Credit Facility into a $1.25 billion revolving credit facility (the “Facility”) with improved terms, including the addition of sustainability-linked metrics.The agreement for the Facility continues to be between Alcoa Nederland Holding B.V., a wholly owned subsidiary of Alcoa Corporation, and a syndicate of banks. Alcoa has not drawn on the Facility, which has been in place since November 2016.Some of the key benefits of the amended and restated revolving credit agreement include:Greater flexibility for Alcoa to execute on its long-term strategies.An extended maturity date from November 2023 to June 2027.Release by the lenders of the collateral package that had previously secured the Facility, which will continue so long as certain credit ratings are maintained.Additional flexibility for dividends and other restricted payments, to make investments, and to in
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AA
Earnings
- 4/17/24 - Miss
AA
Sec Filings
- 4/24/24 - Form DEFA14A
- 4/18/24 - Form DEFA14A
- 4/17/24 - Form DEFA14A
- AA's page on the SEC website