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