Arconic Announces Pricing of Notes Offering
Arconic Corporation (ARNC)
Last arconic corporation earnings: 1/27 06:50 am
Check Earnings Report
US:NYSE Investor Relations:
arconic.com/global/en/investors/overview.asp
Company Research
Source: Business Wire
PITTSBURGH--(BUSINESS WIRE)--Arconic Corp. (NYSE: ARNC) (“Arconic” or “the Company”) announced today the pricing of its offering of $700 million aggregate principal amount of 6.00% first lien notes due 2025 (the “Notes”). The sale of the Notes is expected to be completed on May 13, 2020, subject to customary closing conditions.The Company also intends to replace its existing cash flow revolver with a new asset-based credit facility (the “ABL facility”) and has received commitments totaling over $750 million for the new ABL facility from the Company’s existing bank group. The Company intends to use the net proceeds from the offering, together with cash on hand, (i) to prepay in full the obligations outstanding under its senior secured first-lien term loan B facility, (ii) to prepay in full the obligations outstanding under its revolving credit facility and terminate in full the commitments thereunder, and (iii) for general corporate purposes. If the Notes closing occurs before the
Show less
Read more
Impact Snapshot
Event Time:
ARNC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ARNC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ARNC alerts
High impacting Arconic Corporation news events
Weekly update
A roundup of the hottest topics