Alcoa Corporation Announces Intention to Redeem in Full $500 Million of 7.00% Notes due in 2026
31 Agosto 2021 - 05:30PM
Business Wire
Alcoa Corporation (NYSE: AA) today announced that its
wholly-owned subsidiary, Alcoa Nederland Holding B.V., has issued a
notice to redeem all $500 million aggregate principal amount of its
outstanding 7.00% notes due in 2026.
The notes will be redeemed on September 30, 2021. The redemption
price of the notes will be equal to 103.500% of the principal
amount of the notes, plus accrued and unpaid interest to but not
including the redemption date.
The redemption will be funded using cash on hand. Alcoa
Corporation’s cash balance at June 30, 2021 was $1.65 billion.
About Alcoa
Alcoa is a global industry leader in bauxite, alumina and
aluminum products and is built on a foundation of strong values and
operating excellence dating back 135 years to the world-changing
discovery that made aluminum an affordable and vital part of modern
life. Since inventing the aluminum industry, and throughout our
history, our talented Alcoans have followed on with breakthrough
innovations and best practices that have led to efficiency, safety,
sustainability and stronger communities wherever we operate.
Dissemination of Company Information
Alcoa intends to make future announcements regarding company
developments and financial performance through its website,
www.alcoa.com, as well as through press releases, filings with the
Securities and Exchange Commission, conference calls and webcasts.
Alcoa does not incorporate the information contained on, or
accessible through, its corporate website into this press
release.
Forward-Looking Statements
This news release contains statements that relate to future
events and expectations and as such constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include those
containing such words as “anticipates,” “believes,” “could,”
“estimates,” “expects,” “forecasts,” “goal,” “intends,” “may,”
“outlook,” “plans,” “projects,” “seeks,” “sees,” “should,”
“targets,” “will,” “would,” or other words of similar meaning. All
statements by Alcoa Corporation that reflect expectations,
assumptions or projections about the future, other than statements
of historical fact, are forward-looking statements. Forward-looking
statements are not guarantees of future performance and are subject
to known and unknown risks, uncertainties, and changes in
circumstances that are difficult to predict. Although Alcoa
Corporation believes that the expectations reflected in any
forward-looking statements are based on reasonable assumptions, it
can give no assurance that these expectations will be attained and
it is possible that actual results may differ materially from those
indicated by these forward-looking statements due to a variety of
risks and uncertainties. Additional information concerning factors
that could cause actual results to differ materially from those
projected in the forward-looking statements is contained in Alcoa
Corporation’s filings with the Securities and Exchange Commission.
Alcoa Corporation disclaims any obligation to update publicly any
forward-looking statements, whether in response to new information,
future events or otherwise, except as required by applicable
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20210831005986/en/
Investor Contact: James Dwyer 412-992-5450
James.Dwyer@alcoa.com
Media Contact: Jim Beck 412-315-2909 Jim.Beck@alcoa.com
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