Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Alcoa Corp amended revolving credit of $1.25 billion in commitments with JPMorgan Chase Bank, N.A., as administrative agent at minimum interest coverage ratio reduced from 4.00 to 1.00 to 3.00 to 1.00 for 20.
- Instrument
- revolving credit
- Principal
- $1.25 billion in commitments
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent
- Rate
- minimum interest coverage ratio reduced from 4.00 to 1.00 to 3.00 to 1.00 for 20
- Event
- amendment
Exact text from the filing
The aggregate amount of commitments under the Amended Revolving Credit Agreement remains at $1.25 billion.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Alcoa Corp amended Amendment No. 1 with syndicate of lenders and issuers and JPMorgan Chase Bank, N.A., as administrative agent (effective 2024-01-17).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- syndicate of lenders and issuers and JPMorgan Chase Bank, N.A., as administrative agent
- Effective
- 2024-01-17
Exact text from the filing
On January 17, 2024, Alcoa Corporation (the “Company”), Alcoa Nederland Holding B.V., a wholly owned subsidiary of the Company (the “Borrower”), and certain subsidiaries of the Company, entered into Amendment No. 1 ( “Amendment No. 1”) to the Revolving Credit Agreement, dated as of September 16, 2016, as amended as of October 26, 2016, as amended and restated as of November 14, 2017, as amended and restated as of November 21, 2018, as amended as of August 16, 2019, as amended as of April 21, 2020, as amended as of June 24, 2020, as amended as of March 4, 2021 and as amended and restated as of June 27, 2022 (the “Original Revolving Credit Agreement”), in each case, with a syndicate of lenders and issuers named therein, and JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”) for the lenders and issuers.
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