Alcoa prices $2.6B senior notes to fund South32 acquisition cash consideration

Alcoa Corp

$1.5B of 6.625% notes due 2034 and $1.1B of 6.875% notes due 2036, issued by Alumina Pty Ltd and Alcoa Nederland Holding B.V.
Proceeds, with cash on hand, to fund ~$3.1B cash portion of South32 acquisition of bauxite, alumina, and aluminum smelter operations.
Notes expected to close September 23, 2026; guaranteed by Alcoa and certain subsidiaries.
Alcoa to terminate 364-day bridge loan facility upon completion of the offering.
Acquisition remains subject to South32 shareholder approval and regulatory clearances.

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