other material
confidence high
sentiment neutral
materiality 0.50
Alcoa completes tender for $609M of 2027 notes; accepts $281M of 2028 notes
Alcoa Corp
- Tendered $609.1M of $750M 5.500% notes due 2027 at $1,002.47 per $1,000; $140.9M remain outstanding.
- Accepted $281.3M of $500M 6.125% notes due 2028 at $1,012.50 per $1,000; increased cap from $250M.
- Settlement for both tender offers expected on March 19, 2025.
- Capped Note offer expires March 31, 2025; no further acceptances currently expected.