PITTSBURGH--(BUSINESS WIRE)--
Alcoa Corporation (NYSE:AA) (“Alcoa”) announced today that Alcoa
Nederland Holding B.V. (the “issuer”), a wholly-owned subsidiary of
Alcoa, has priced an offering of $500,000,000 aggregate principal amount
of 6.125% senior notes due 2028. The sale of the notes is expected to be
completed on May 17, 2018, subject to customary closing conditions.
The issuer intends to use the net proceeds from the issuance of the
notes being offered for general corporate purposes, including to make
mandatory or discretionary contributions to Alcoa’s U.S. pension and
other postretirement benefit plans. The notes will be guaranteed on a
senior unsecured basis by Alcoa and certain of its subsidiaries.
The notes and related guarantees will be sold in a private placement to
qualified institutional buyers in accordance with Rule 144A under the
Securities Act of 1933, as amended (the “Securities Act”), and to
certain non-United States persons in offshore transactions in accordance
with Regulation S under the Securities Act.
The notes and related guarantees have not been and will not be
registered under the Securities Act or the securities laws of any other
jurisdiction and may not be offered or sold in the United States or to,
or for the benefit of, U.S. persons absent registration under, or an
applicable exemption from, the registration requirements of the
Securities Act.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the notes or any other security and
shall not constitute an offer, solicitation or sale in any state or
jurisdiction in which, or to any persons to whom, such an offer,
solicitation or sale would be unlawful. Any offers of the notes or
related guarantees will be made only by means of a private offering
memorandum.
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 nearly 130 years to the world-changing discovery
that made aluminum an affordable and vital part of modern life. Since
developing 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.
Forward-Looking Statements
This press 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,”
“intends,” “may,” “outlook,” “plans,” “projects,” “seeks,” “sees,”
“should,” “targets,” “will,” “would,” or other words of similar meaning.
All statements that reflect Alcoa’s 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 our 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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Alcoa Corporation
Investor Contact:
James Dwyer, 412-992-5450
James.Dwyer@alcoa.com
or
Media
Contact:
Jim Beck, 412-315-2909
Jim.Beck@alcoa.com
Source: Alcoa Corporation