Alcoa Corporation ("Alcoa") (NYSE:AA; ASX:AAI)announces (i) the expiration and expiration date results of its previously announced offer to purchase for cash any and all outstanding 5.500% senior unsecured notes due 2027 (the "Any and All Notes") issued by Alcoa Nederland Holding B.V. ("ANHBV"), fully guaranteed on an unsecured basis by Alcoa and certain of its subsidiaries (the "Any and All Offer"), and (ii) the early results of its previously announced offer to purchase for cash outstanding 6.125% senior unsecured notes due 2028 (the "Capped Notes" and, together with the Any and All Notes, the "Notes") issued by ANHBV, fully guaranteed on an unsecured basis by Alcoa, up to an aggregate principal amount not to exceed US$250,000,000 (the "Maximum Principal Amount") (the "Capped Offer" and, together with the Any and All Offer, the "Offers").
The Any and All Offer was made and the Capped Offer is being made upon the terms and subject to the conditions set forth in the offer to purchase dated March 3, 2025 (the "Offer to Purchase") relating to the Notes and, with respect to the Any and All Offer, the accompanying notice of guaranteed delivery.
Information regarding the Any and All Notes and the expiration date results of the Any and All Offer is summarized in the following table:
Title of Security |
CUSIP / ISIN |
Principal Amount Outstanding |
Principal Amount Tendered and Accepted for Purchase |
Principal Amount Reflected in Notices of Guaranteed Delivery |
Principal Amount Outstanding Following the Any and All Settlement Date (1) |
Any and All Total Consideration (2) |
||||||
5.500% Senior Unsecured Notes due 2027 |
Rule 144A: 013822AE1 / US013822AE11 Regulation S: N02175AD4 / USN02175AD40 |
US$750,000,000 |
US$609,101,000 |
US$1,542,000 |
US$140,899,000 |
US$1,002.47 |
