Alcoa subsidiary prices $1B senior notes offering to fund tender offers for existing notes

Alcoa Corp

Alumina Pty Ltd, Alcoa's wholly owned sub, priced $1B senior notes; guaranteed by Alcoa and certain subsidiaries.
Proceeds to fund tender offers for $750M 5.500% notes due 2027 and up to $250M of $500M 6.125% notes due 2028.
Closing expected March 17, 2025, subject to customary conditions; offering not conditioned on tender offers.
Remaining proceeds, if any, to be used for general corporate purposes or redemption of existing notes.

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