Alcoa Corp (AA): debt financing — Alcoa subsidiary issues $1B senior notes: 6.125% due 2030, 6.375% due 2032

Alcoa Corp

Alumina Pty Ltd, a wholly-owned Alcoa subsidiary, issued $500M of 6.125% notes due 2030 and $500M of 6.375% notes due 2032.
The notes are senior unsecured and guaranteed by Alcoa Corporation and certain of its subsidiaries.
Issuer may redeem the 2030 notes on/after March 15, 2027, and 2032 notes on/after March 15, 2028, at set redemption prices.
Upon a change of control repurchase event, holders can require repurchase at 101% of principal plus accrued interest.
The offering was private under Rule 144A and Regulation S; net proceeds not specified.

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 $500,000,000 aggregate principal amount of 6.125% senior notes due 2030 and $500,000,000 aggregate principal amount of 6 with qualified institutional buyers and non-U.S. persons at 6.125% per annum for the 2030 notes; 6.375% per annum for the 2032 notes maturing 2030 for the 6.125% notes; 2032 for the 6.375% notes.

Instrument: senior notes
Principal: $500,000,000 aggregate principal amount of 6.125% senior notes due 2030 and $500,000,000 aggregate principal amount of 6
Counterparty: qualified institutional buyers and non-U.S. persons
Rate: 6.125% per annum for the 2030 notes; 6.375% per annum for the 2032 notes
Maturity: 2030 for the 6.125% notes; 2032 for the 6.375% notes
Event: incurrence

Exact text from the filing

On March 17, 2025, Alumina Pty Ltd (ABN 85 004 820 419) (the “Issuer”), a wholly-owned subsidiary of Alcoa Corporation (the “Company”), completed an offering (the “Offering”) of $500,000,000 aggregate principal amount of 6.125% senior notes due 2030 (the “2030 notes”), and $500,000,000 aggregate principal amount of 6.375% senior notes due 2032 (the “2032 notes” and together with the 2030 notes, the “notes”).

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Source: SEC EDGAR

accession 0001193125-25-055682

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