[8-K] Alcoa Corp Reports Material Event
Alcoa Corporation announced that its wholly-owned subsidiary, Alcoa Nederland Holding B.V., will redeem all of its outstanding 6.125% notes due 2028.
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Rhea-AI Filing Summary
Alcoa Corporation announced that its wholly-owned subsidiary, Alcoa Nederland Holding B.V., will redeem all of its outstanding 6.125% notes due 2028. The subsidiary has issued a notice to redeem approximately $219 million aggregate principal amount of these notes.
The notes are guaranteed on a senior unsecured basis by Alcoa and certain subsidiaries and will be redeemed on May 15, 2026 at 100% of principal plus accrued and unpaid interest to, but not including, the redemption date. The company stated that the redemption will be funded using cash on hand, effectively retiring this debt ahead of its 2028 maturity.
Insights
Alcoa plans to repay $219 million of 6.125% 2028 notes early using cash on hand.
Alcoa Corporation will redeem all outstanding 6.125% notes due 2028, with an aggregate principal of $219 million, on May 15, 2026. The notes are senior unsecured and guaranteed by the parent and certain subsidiaries, so their removal directly reduces unsecured bond debt.
The redemption price is set at 100% of principal plus accrued and unpaid interest to, but not including, the redemption date. Funding the transaction with cash on hand indicates available liquidity is being used to eliminate this fixed 6.125% coupon obligation ahead of its 2028 maturity.
Once completed, this action simplifies the capital structure and lowers future interest payments tied to these notes. The net effect on overall leverage and liquidity will depend on Alcoa’s remaining debt profile and cash balances disclosed in future financial reports.
8-K Event Classification
Key Figures
Key Terms
redemption date financial
senior unsecured financial
Indenture financial
forward-looking statements regulatory
aggregate principal amount financial
FAQ
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What debt is Alcoa (AA) redeeming according to the latest 8-K?
When will Alcoa (AA) complete the redemption of its 6.125% 2028 notes?
What redemption price will Alcoa (AA) pay for the 6.125% 2028 notes?
How much principal of Alcoa’s 6.125% 2028 notes is outstanding?
How will Alcoa (AA) fund the redemption of its 2028 notes?
Are Alcoa’s 6.125% 2028 notes guaranteed by the parent company?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 8.01 Other Events.
On April 14, 2026, Alcoa Nederland Holding B.V. (the “Issuer”), a wholly-owned subsidiary of Alcoa Corporation (the “Company”), provided notice of its election to redeem all of its outstanding 6.125% Notes due 2028 (the “Notes”) in accordance with the terms of the Notes and the Indenture dated as of May 17, 2018, among the Issuer, the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (as supplemented, modified or amended prior to the date hereof, the “Indenture”). The Notes will be redeemed on May 15, 2026 (the “Redemption Date”).
As of April 14, 2026, the aggregate outstanding principal amount of the Notes was $218,742,000. The Notes are guaranteed on a senior unsecured basis by the Company and its subsidiaries that are party to the Indenture.
The redemption price for the Notes shall be equal to 100.000% of the principal amount of the Notes, plus accrued and unpaid interest to but not including the Redemption Date. This Current Report on Form 8-K does not constitute a notice of redemption of the Notes.
A copy of the Company’s press release announcing the planned redemption of the Notes is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit number |
Description | |
| 99.1 | Press Release of Alcoa Corporation dated April 14, 2026 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
Cautionary Statement on Forward-Looking Statements
This Current Report on Form 8-K contains statements that relate to future events and expectations relating to the redemption of the Notes and as such constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those containing such words as “aims,” “ambition,” “anticipates,” “believes,” “could,” “develop,” “endeavors,” “estimates,” “expects,” “forecasts,” “goal,” “intends,” “may,” “outlook,” “plans,” “potential,” “projects,” “reach,” “seeks,” “sees,” “should,” “strive,” “targets,” “will,” “working,” “would,” or other words of similar meaning. All statements by Alcoa Corporation that reflect expectations, assumptions or projections about the future, other than statements of historical fact, are forward-looking statements. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and changes in circumstances that are difficult to predict. Although Alcoa Corporation believes that the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that these expectations will be attained and it is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of
risks and uncertainties. Factors which could cause actual results to differ from such forward-looking statements include, but are not limited to, industry, global, economic and other conditions. Additional information concerning factors that could cause actual results to differ materially from those projected in the forward-looking statements is contained in Alcoa Corporation’s filings with the Securities and Exchange Commission. Alcoa Corporation disclaims any obligation to update publicly any forward-looking statements, whether in response to new information, future events or otherwise, except as required by applicable law.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ALCOA CORPORATION | ||
| By: | /s/ Marissa P. Earnest | |
| Marissa P. Earnest | ||
| Senior Vice President, General Counsel – North America Operations, and Secretary | ||
Date: April 14, 2026
Exhibit 99.1
FOR IMMEDIATE RELEASE
| Investor Contact: | Media Contact: | |
| Jason Duty | Sarah Ayer | |
| 724-316-4366 | 412-965-7622 | |
| Jason.M.Duty@alcoa.com | Sarah.Ayer@alcoa.com |
Alcoa Corporation Announces Intention to Redeem in Full $219 million of Outstanding 6.125% Notes due 2028
PITTSBURGH, April 14, 2026 – Alcoa Corporation (NYSE: AA, ASX: AAI) (“Alcoa” or the “Company”), today announced that its wholly-owned subsidiary, Alcoa Nederland Holding B.V., has issued a notice to redeem all $219 million aggregate principal amount of its outstanding 6.125% notes due in 2028 (the “notes”).
The notes will be redeemed on May 15, 2026 (the “redemption date”). The redemption price of the notes will be equal to 100.000% of the principal amount of the notes, plus accrued and unpaid interest to but not including the redemption date.
The redemption will be funded using cash on hand.
About Alcoa Corporation
Alcoa (NYSE: AA, ASX: AAI) is a global industry leader in bauxite, alumina and aluminum products with a vision to build a legacy of excellence for future generations. With a values-based approach that encompasses integrity, operating excellence, care for people and courageous leadership, our purpose is to Turn Raw Potential into Real Progress. Since developing the process that made aluminum an affordable and vital part of modern life, our talented Alcoans have developed breakthrough innovations and best practices that have led to greater efficiency, safety, sustainability and stronger communities wherever we operate.
Dissemination of Company Information
Alcoa intends to make future announcements regarding company developments and financial performance through its website, www.alcoa.com, as well as through press releases, filings with the Securities and Exchange Commission, conference calls, media broadcasts, and webcasts. Alcoa does not incorporate the information contained on, or accessible through, its corporate website or such other websites or platforms referenced herein into this press release.
Cautionary Statement on Forward-Looking Statements
This press release contains statements that relate to future events and expectations relating to the redemption of the notes and as such constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those containing such words as “aims,” “ambition,” “anticipates,” “believes,” “could,” “develop,” “endeavors,” “estimates,”
“expects,” “forecasts,” “goal,” “intends,” “may,” “outlook,” “plans,” “potential,” “projects,” “reach,” “seeks,” “sees,” “should,” “strive,” “targets,” “will,” “working,” “would,” or other words of similar meaning. All statements by Alcoa Corporation that reflect expectations, assumptions or projections about the future, other than statements of historical fact, are forward-looking statements. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and changes in circumstances that are difficult to predict. Although Alcoa Corporation believes that the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that these expectations will be attained and it is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties. Factors which could cause actual results to differ from such forward-looking statements include, but are not limited to, industry, global, economic and other conditions. Additional information concerning factors that could cause actual results to differ materially from those projected in the forward-looking statements is contained in Alcoa Corporation’s filings with the Securities and Exchange Commission. Alcoa Corporation disclaims any obligation to update publicly any forward-looking statements, whether in response to new information, future events or otherwise, except as required by applicable law. This press release does not constitute a notice of redemption of the notes.
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