Tender Offer - Alcoa Corp
Form Type: 8-K
Filing Date: 2025-03-17
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525055211
Filing Summary: On March 17, 2025, Alcoa Corporation disclosed in a press release that it has completed a tender offer to purchase any and all outstanding 5.500% senior unsecured notes due 2027. These notes were issued by Alcoa Nederland Holding B.V., and the offer is fully guaranteed on an unsecured basis by Alcoa Corporation. Additionally, the company announced the early results of its offer to purchase up to US$250,000,000 of outstanding 6.125% senior unsecured notes due 2028, also issued by ANHBV and fully guaranteed by Alcoa Corporation. The details of the tender offers reflect the company's strategic financial management efforts to optimize its debt posture.
Additional details:
Tender Offer Expiration: March 17, 2025
Senior Notes Due 2027: 5.500%
Senior Notes Due 2028: 6.125%
Aggregate Principal Amount Limit: US$250,000,000
Guarantee Details: fully guaranteed on an unsecured basis by Alcoa Corporation
Form Type: 8-K
Filing Date: 2025-03-14
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525054700
Filing Summary: On March 14, 2025, Alcoa Corporation announced a press release regarding a tender offer for the purchase of any and all outstanding 5.500% senior unsecured notes due 2027, which were issued by Alcoa Nederland Holding B.V. The notes are fully guaranteed on an unsecured basis by Alcoa Corporation. The company has initiated this process to manage its debt obligations and optimize its capital structure. The press release includes further details and is attached as Exhibit 99.1.
Additional details:
Tender Offer Details: Consideration to purchase for cash any and all of the outstanding 5.500% senior unsecured notes due 2027.
Notes Due: 2027
Press Release Date: 2025-03-14
Form Type: 8-K
Filing Date: 2025-03-03
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525043419
Filing Summary: On March 3, 2025, Alcoa Corporation announced a proposed offering of $1,000,000,000 aggregate principal amount of senior notes by its wholly-owned subsidiary, Alumina Pty Ltd. Additionally, the company disclosed that Alcoa Nederland Holding B.V., another wholly-owned subsidiary, has commenced cash tender offers to purchase any and all outstanding $750 million 5.500% Notes due 2027 and up to $250 million in aggregate principal amount of outstanding $500 million 6.125% Notes due 2028. The proposed offering is independent of the tender offers. Furthermore, it was noted that in connection with the acquisition of Alumina Limited on August 1, 2024, agreements were made on February 28, 2025, providing guarantees and collateral to secure obligations related to the company’s credit facilities and outstanding senior notes.
Additional details:
Total Offering Amount: 1000000000
Tender Offer Notes Due 2027: 750000000
Tender Offer Notes Due 2028: 500000000
Tender Offer Interest Rate 2027: 5.500%
Tender Offer Interest Rate 2028: 6.125%
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