Arconic to redeem all $750 million 5.55% notes due 2017 on Dec. 30

By Marisa Wong

Morgantown, W.Va., Nov. 30 – Arconic Inc. will redeem on Dec. 30 all of its outstanding 5.55% notes due 2017, according to an 8-K filing with the Securities and Exchange Commission.

As of Nov. 30, the total outstanding principal of the notes was $750 million.

The redemption price will be the greater of (a) par and (b) the sum of the present values of the remaining scheduled payments, discounted on a semiannual basis at the Treasury rate plus 12.5 basis points, plus accrued interest.

Bank of New York Mellon Trust Co., NA is the trustee.

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

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