close
close

Arconic Completes Early Redemption of 6.50% Bonds Due 2018 and 6.75% Notes Due 2018

June 19, 2017

Arconic Inc. (“Arconic” or the “Company”) (NYSE: ARNC) announced today that it has completed the previously indicated early redemption of all its 6.50% Bonds due 2018 (the “6.50% Bonds”) and 6.75% Notes due 2018 (the “6.75% Notes”) in the aggregate principal amount of $100,099,000 and $344,814,000, respectively. Holders of the 6.50% Bonds were paid $1,049.99 per $1,000.00 aggregate principal amount of the 6.50% Bonds, or an aggregate of $105.1 million, plus accrued and unpaid interest up to, but not including, the redemption date, and holders of the 6.75% Notes were paid $1,054.26 per $1,000.00 aggregate principal amount of the 6.75% Notes, or an aggregate of $363.5 million, plus accrued and unpaid interest up to, but not including, the redemption date. These redemptions are a component of Arconic’s de-leveraging program.

Taken together, Arconic actions in 2017 have resulted in the Company reducing its total debt by approximately $1.25 billion.

About Arconic

Arconic Inc. (NYSE: ARNC) creates breakthrough products that shape industries. Working in close partnership with our customers, we solve complex engineering challenges to transform the way we fly, drive, build and power. Through the ingenuity of our people and cutting-edge advanced manufacturing techniques, we deliver these products at a quality and efficiency that ensure customer success and shareholder value. For more information: www.arconic.com. Follow @arconic: Twitter, Instagram, Facebook, LinkedIn and YouTube.

Dissemination of Company Information

Arconic intends to make future announcements regarding Company developments and financial performance through its website at www.arconic.com.

Arconic Inc.
Investor Contact:
Patricia Figueroa, 212-836-2758
Patricia.Figueroa@arconic.com
or
Media Contact:
Shona Sabnis, 212-836-2626
Shona.Sabnis@arconic.com

Media Assets Download

Recent Financial News

May 13, 2020
Arconic Announces Closing of $700 Million Notes Offering and $800 Million ABL Facility Replacing Existing Term Loan and Revolver Facilities
April 29, 2020
Arconic Announces Pricing of Notes Offering
April 29, 2020
Arconic Announces Proposed Notes Offering
close