Alcoa Corporation Announces Closing of Inaugural Green Bond Offering
21 Março 2024 - 5:30PM
Business Wire
Alcoa Corporation (NYSE:AA) (“Alcoa”) announced today that Alcoa
Nederland Holding B.V., a wholly-owned subsidiary of Alcoa, closed
its offering of $750 million aggregate principal amount of 7.125%
senior notes due 2031 (the “notes”). The notes are guaranteed on a
senior unsecured basis by Alcoa and certain of its
subsidiaries.
The notes represent Alcoa’s inaugural Green Finance Instrument
in alignment with its Green Finance Framework (the “Framework”).
Alcoa intends to use an amount equal to the net proceeds of the
issuance of the notes to finance and/or refinance, in whole or in
part, new and/or existing projects that meet certain eligibility
criteria within the Framework. The net proceeds will also support
Alcoa’s cash position and ongoing cash needs, including with
respect to its previously announced portfolio actions. Additional
details on eligibility criteria and use of proceeds are available
in the Framework.
"We are pleased to advance our sustainability efforts by
successfully issuing and closing this inaugural green bond
offering,” said Executive Vice President and Chief Financial
Officer Molly Beerman. “These Green Finance Instruments support our
investments and products which enable the transition to a lower
carbon economy.”
The Framework was developed in alignment with the International
Capital Market Association’s 2021 Green Bond Principles, as well as
the Loan Market Association, the Asia Pacific Loan Market
Association and the Loan Syndications and Trading Association’s
2023 Green Loan Principles. It provides a structured approach for
Alcoa to assess, select, and report on its green finance
initiatives, supporting Alcoa in its sustainability efforts by
aligning it with its financing strategy.
About Alcoa
Alcoa is a global industry leader in bauxite, alumina and
aluminum products with a vision to reinvent the aluminum industry
for a sustainable future. Our purpose is to turn raw potential into
real progress, underpinned by Alcoa Values that encompass
integrity, operating excellence, care for people and courageous
leadership. Since developing the process that made aluminum an
affordable and vital part of modern life, our talented Alcoans have
developed breakthrough innovations and best practices that have led
to improved safety, sustainability, efficiency, and stronger
communities wherever we operate.
Forward-Looking Statements
This press release contains statements that relate to future
events and expectations, including those relating to the intended
use of the net proceeds from the issuance of the notes, 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 “aim,”
“ambition,” “anticipates,” “believes,” “could,” “develop,”
“endeavors,” “estimates,” “expects,” “forecasts,” “goal,”
“intends,” “may,” “outlook,” “plans,” “potential,” “projects,”
“reach,” “seeks,” “sees,” “should,” “targets,” “will,” “working,”
“would,” or other words of similar meaning. All statements by Alcoa
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 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’s filings with the Securities and Exchange
Commission. Alcoa 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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Investor Contact James Dwyer 412-992-5450
James.Dwyer@alcoa.com
Media Contact Jim Beck 412-315-2909 James.Beck@alcoa.com
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