- Alcoa's (NYSE:AA) unit Alcoa Nederland Holding is redeeming all $500M of 7.00% notes due in 2026.
- The outstanding notes will be redeemed on Sept. 30.
- The redemption price of the notes will be equal to 103.5% of the principal amount of the notes, plus accrued and unpaid interest.
- The company will fund the redemption using cash on hand. As of June 30, the company's cash balance was $1.65B.
- AA +0.11% after hours to $44.42
Alcoa's unit plans to redeem $500M notes
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