Alcoa Corporation Announces Closing of Debt Offering
May 17 2018 - 3:15PM
Business Wire
Alcoa Corporation (NYSE:AA) (“Alcoa”) announced today that Alcoa
Nederland Holding B.V. (the “issuer”), a wholly-owned subsidiary of
Alcoa, closed its offering of $500,000,000 aggregate principal
amount of 6.125% senior notes due 2028.
The issuer intends to use the net proceeds from the issuance of
the notes for general corporate purposes, including to make
mandatory or discretionary contributions to Alcoa’s U.S. pension
and other postretirement benefit plans. The notes are guaranteed on
a senior unsecured basis by Alcoa and certain of its
subsidiaries.
The notes and related guarantees were sold in a private
placement to qualified institutional buyers in accordance with Rule
144A under the Securities Act of 1933, as amended (the “Securities
Act”), and to certain non-United States persons in offshore
transactions in accordance with Regulation S under the Securities
Act.
The notes and related guarantees have not been and will not be
registered under the Securities Act or the securities laws of any
other jurisdiction and may not be offered or sold in the United
States or to, or for the benefit of, U.S. persons absent
registration under, or an applicable exemption from, the
registration requirements of the Securities Act.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the notes or any other security and
shall not constitute an offer, solicitation or sale in any state or
jurisdiction in which, or to any persons to whom, such an offer,
solicitation or sale would be unlawful. Any offers of the notes or
related guarantees will be made only by means of a private offering
memorandum.
About Alcoa
Alcoa is a global industry leader in bauxite, alumina, and
aluminum products, and is built on a foundation of strong values
and operating excellence dating back nearly 130 years to the
world-changing discovery that made aluminum an affordable and vital
part of modern life. Since developing the aluminum industry, and
throughout our history, our talented Alcoans have followed on with
breakthrough innovations and best practices that have led to
efficiency, safety, sustainability, and stronger communities
wherever we operate.
Forward-Looking Statements
This press release contains statements that relate to future
events and expectations and as such constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include those
containing such words as “anticipates,” “believes,” “could,”
“estimates,” “expects,” “forecasts,” “intends,” “may,” “outlook,”
“plans,” “projects,” “seeks,” “sees,” “should,” “targets,” “will,”
“would,” or other words of similar meaning. All statements that
reflect Alcoa’s expectations, assumptions or projections about the
future, other than statements of historical fact, are
forward-looking statements. Forward-looking statements are not
guarantees of future performance and are subject to known and
unknown risks, uncertainties, and changes in circumstances that are
difficult to predict. Although Alcoa believes that the expectations
reflected in any forward-looking statements are based on reasonable
assumptions, it can give no assurance that these expectations will
be attained and it is possible that actual results may differ
materially from those indicated by these forward-looking statements
due to a variety of risks and uncertainties. Additional information
concerning factors that could cause actual results to differ
materially from those projected in the forward-looking statements
is contained in our filings with the Securities and Exchange
Commission. Alcoa disclaims any obligation to update publicly any
forward-looking statements, whether in response to new information,
future events or otherwise, except as required by applicable
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20180517006277/en/
Alcoa CorporationInvestor Contact:James Dwyer,
412-992-5450James.Dwyer@alcoa.comorMedia
Contact:Jim Beck,
412-315-2909Jim.Beck@alcoa.com
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