debt
confidence high
sentiment neutral
materiality 0.55
Alcoa prices $750M 7.125% senior notes due 2031 via subsidiary, for green projects and cash needs
Alcoa Corp
- Subsidiary Alcoa Nederland Holding B.V. issued $750M principal of 7.125% notes due 2031.
- Notes are guaranteed on a senior unsecured basis by Alcoa Corporation and certain subsidiaries.
- Closing expected March 21, 2024, subject to customary conditions.
- Net proceeds allocated to finance/refinance eligible green projects per ICMA Green Bond Principles and support cash needs.
- Offering sold in private placement to QIBs under Rule 144A and offshore under Regulation S.