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Form 8-K · Current Report · Filed 2024-03-21

Alcoa Nederland Holding B.V. Completes $750 Million Senior Notes Offering

On March 21, 2024, Alcoa Nederland Holding B.V., a subsidiary of Alcoa Corporation, completed an offering of $750 million aggregate principal amount of 7.125% senior notes due 2031.

Filer
Alcoa Corporation AA · NYSE
Filed
Accession
0001193125-24-073889
CIK
0001675149
Signal
Medium impactBasic Materials

Details

The notes were issued under an indenture and are guaranteed on a senior unsecured basis by the Company and certain subsidiaries. The indenture includes restrictive covenants and customary events of default. The notes can be redeemed under various conditions and include a change of control repurchase option.

Items reported

Item 1.01

Entry into a Material Definitive Agreement

Financial Instrument Agreement
Item 2.03

Creation of a Direct Financial Obligation

New Debt Issued
Item 9.01

Financial Statements and Exhibits

No viable tag

Market reaction

Close before filing

$31.35

Next session

+0.2%

Since filing

+44.4%

Latest close

$45.26

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from AA reporting the same item, with the next session's move:

Exhibits (1)

About Alcoa Corporation

Alcoa Corporation is a premier global producer of aluminum, a key metal used extensively across various industries such as automotive, aerospace, construction, and packaging. Alcoa’s operations encompass the production of bauxite, mining, refining alumina, and the smelting and processing of aluminum products. Headquartered in Pittsburgh, Pennsylvania, Alcoa is known for its comprehensive supply chain management within the industry, contributing to its efficiency and competitive edge. The company holds a significant role in advancing sustainable practices in metal production, targeting reduced carbon emissions and increased recycling efforts. Innovations by Alcoa in aluminum solutions have made it pivotal in lightweighting applications, particularly in automotive and aerospace sectors, where reducing weight enhances fuel efficiency and performance. As one of the world's largest and most recognized aluminum companies, Alcoa Corporation contributes to global manufacturing capabilities, making it an integral player in both the primary and fabricated aluminum markets.

Exchange NYSE Industry Aluminum Company website ↗

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