Arconic calls 6½%, 6¾% notes due 2018 for redemption on June 19

By Wendy Van Sickle

Columbus, Ohio, May 18 – Arconic Inc. called its outstanding $100,099,000 of 6½% notes due 2018 and $344,814,000 of 6¾% notes due 2018 for redemption on June 19, according to an 8-K filing with the Securities and Exchange Commission.

The redemption price for the 6½% notes will be the greater of par and the sum of the present values of the remaining scheduled payments of principal and interest, discounted to the redemption date on a semiannual basis at the adjusted Treasury rate, plus 15 basis points, plus accrued interest to the redemption date.

For the 6¾% notes, the price will be the greater of par and the sum of the present values of the remaining scheduled payments of principal and interest, discounted to the redemption date on a semiannual basis at the Treasury rate, plus 45 basis points, plus accrued interest to the redemption date.

Formerly known as Alcoa Inc., Arconic is an aluminum company based in New York.

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