Alcoa Corp (AA): debt financing — Alcoa Corp subsidiary issues $750M 7.125% senior notes due 2031

Alcoa Corp

Alcoa Nederland Holding B.V. issued $750M of 7.125% senior unsecured notes due 2031.
Notes guaranteed by Alcoa Corp and certain subsidiaries; sold under Rule 144A/Reg S.
Redeemable at issuer's option from March 15, 2027; make-whole redemption prior to that date.
Change of control triggers repurchase at 101% of principal plus accrued interest.
Indenture includes covenants limiting liens, mergers, and AWAC ownership changes.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

Alcoa Corp incurred senior notes of $750,000,000 aggregate principal amount with qualified institutional buyers and certain non-U.S. persons (Rule 144A/Reg S) at 7.125% senior notes due 2031 maturing due 2031.

Instrument: senior notes
Principal: $750,000,000 aggregate principal amount
Counterparty: qualified institutional buyers and certain non-U.S. persons (Rule 144A/Reg S)
Rate: 7.125% senior notes due 2031
Maturity: due 2031
Event: incurrence

Exact text from the filing

On March 21, 2024, Alcoa Nederland Holding B.V. (the “Issuer”), a wholly-owned subsidiary of Alcoa Corporation (the “Company”), completed an offering (the “Offering”) of $750,000,000 aggregate principal amount of 7.125% senior notes due 2031 (the “notes”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Alcoa Corp entered into Indenture with The Bank of New York Mellon Trust Company, N.A., as trustee valued at $750,000,000 aggregate principal amount of 7.125% senior notes due 2031 (effective 2024-03-21).

Action: entry
Agreement: notes offering
Counterparty: The Bank of New York Mellon Trust Company, N.A., as trustee
Value: $750,000,000 aggregate principal amount of 7.125% senior notes due 2031
Effective: 2024-03-21

Exact text from the filing

On March 21, 2024, Alcoa Nederland Holding B.V. (the “Issuer”), a wholly-owned subsidiary of Alcoa Corporation (the “Company”), completed an offering (the “Offering”) of $750,000,000 aggregate principal amount of 7.125% senior notes due 2031 (the “notes”).

View on SEC.gov

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Source: SEC EDGAR

accession 0001193125-24-073889

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