Alcoa Corporation Announces Closing of Debt Offering to Finance Cash Consideration for Acquisition of South32’s Bauxite, Alumina and Aluminum Assets

Alcoa closed a $2.6 billion senior notes offering to fund the roughly $3.1 billion cash consideration for its acquisition of South32's bauxite, alumina and aluminum smelter interests. The notes consist of $1.5 billion of 6.625% notes due 2034 issued by Alumina Pty Ltd and $1.1 billion of 6.875% notes due 2036 issued by Alcoa Nederland Holding B.V., both wholly-owned Alcoa subsidiaries guaranteed by Alcoa on a senior unsecured basis.

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