Alcoa Corporation (NYSE:AA; ASX: AAI) ("Alcoa") announced today that Alumina Pty Ltd (ABN 85 004 820 419) (the "Issuer"), a wholly-owned subsidiary of Alcoa, closed its offering of $500,000,000 aggregate principal amount of 6.125% senior notes due 2030 and $500,000,000 aggregate principal amount of 6.375% senior notes due 2032 (the "notes"). The notes are guaranteed on a senior unsecured basis by Alcoa and certain of its subsidiaries.
The Issuer intends to deploy the funds within the Alcoa group, including funding contributions to Alcoa Nederland Holding B.V. ("ANHBV"), a wholly-owned subsidiary of Alcoa and the issuer of the outstanding $750 million aggregate principal amount of 5.500% Notes due 2027 (the "Existing 2027 Notes") and $500 million aggregate principal amount of 6.125% Notes due 2028 (the "Existing 2028 Notes"). These contributions will be funded through a series of intercompany transactions, including the repayment of intercompany indebtedness and the issuance of intercompany dividends. ANHBV intends to use such funds, along with cash on hand, to fund the purchase price pursuant to the cash tender offers (the "Tender Offers") announced on March 3, 2025 for any and all of the Existing 2027 Notes and up to $250 million of the Existing 2028
