Alcoa Announces Cash Tender Offer

By Tamara Parker • Friday, March 14 15:14 • Permanent Link

Alcoa Corporation has announced the consideration for a cash tender offer for any and all outstanding 5.500% senior unsecured notes due 2027. The offer is made pursuant to the terms and conditions set forth in the offer to purchase dated March 3, 2025.

The following table details certain information relating to the offer, including the consideration payable for the notes and the offer yield as calculated at 11:00 a.m. (New York City time) today: Title of Security: 5.500% Senior Unsecured Notes Due 2027 CUSIP / ISIN: 013822AE1 / US013822AE11 (Rule 144A) N02175AD4 / USN02175AD40 (Regulation S) Principal Amount Outstanding: US$750,000,000 Reference U.S. Treasury Security: 2.875% U.S. Treasury due June 15, 2025 Bloomberg Reference Page: FIT 3 Fixed Spread: 0 bps Reference Yield: 4.392% Any and All Total Consideration: US$1,002.47 per US$1,000 principal amount of notes validly tendered and not withdrawn and accepted for purchase

The offer will expire at 5:00 p.m., New York City time, today (the "Any and All Expiration Date"). The settlement date is expected to be on March 19, 2025 (the "Any and All Settlement Date").

The completion of the offer is conditioned on the satisfaction or waiver of certain conditions described in the offer to purchase, including the financing condition. Anhbv has the right, in its sole discretion, to amend or terminate the offer at any time. As a result of these announcements, the company's shares have moved 3.5% on the market, and are now trading at a price of $33.45. For the full picture, make sure to review Alcoa's 8-K report.

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