ARCONIC INC. (NYSE:ARNC) Files An 8-K Other Events
Item8.01.
| Other Events. |
On April5, 2017, Citigroup Global Markets Inc. and Credit Suisse
Securities (USA) LLC (the Purchasers) commenced cash tender
offers (the Offers) for certain of the outstanding debt
securities of Arconic Inc. (the Company), including the Companys
6.500% Senior Notes due 2018 (the 6.500% Notes), 6.750% Senior
Notes due 2018 (the 6.750% Notes) and 5.720% Senior Notes due
2019 (the 2019 Notes, and together with the 6.500% Notes and
6.750% Notes, the Notes). The Offers were made to an offer to
purchase dated April5, 2017 and related letter of transmittal,
which set forth the terms and conditions of the Offers.
Early Results of Offers
On April19, 2017, the Company issued a press release announcing
the early tender results for the Offers. A copy of the press
release is attached as Exhibit 99.1 to this Current Report on
Form 8-K and is incorporated herein by reference.
Pricing for Offers
On April19, 2017, the Company issued a press release announcing
that the Purchasers had priced the Offers. A copy of the press
release is attached as Exhibit 99.2 to this Current Report on
Form 8-K and is incorporated herein by reference.
Purchase of Notes
On April24, 2017, the Company purchased $44,974,000 in aggregate
principal amount of the 6.500% Notes, and $249,999,000 in
aggregate principal amount of the 2019 Notes from the Purchasers.
The foregoing summary does not purport to be complete and is
subject to, and qualified in its entirety by, the full text of
the press releases attached hereto as Exhibits 99.1 and 99.2 and
incorporated herein by reference.
| Item9.01 | Financial Statements and Exhibits. |
(d) Exhibits
The following are filed as exhibits to this report:
| 99.1 |
Arconic Inc. press release dated April19, 2017 (Early Results). |
|
| 99.2 | Arconic Inc. press release dated April19, 2017 (Pricing). |
About ARCONIC INC. (NYSE:ARNC)
Arconic Inc., formerly Alcoa Inc., is engaged in providing materials and engineered products. The Company operates through segments, including Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. The Company offers engineered products and solutions, including fastening systems and rings, titanium and engineered products, power and propulsion, and forgings and extrusions. Its transportation and construction solutions include wheel and transportation products; building and construction systems, and extrusions. Its global rolled products include aerospace and automotive products; Micromill products and services, and brazing, commercial transportation and industrial solutions. It offers a range of aluminum sheet and plate products for the aerospace, automotive, commercial transportation, brazing and industrial markets. The Company’s product portfolio is focused on Arconic Micromill technology. ARCONIC INC. (NYSE:ARNC) Recent Trading Information
ARCONIC INC. (NYSE:ARNC) closed its last trading session up +0.10 at 26.10 with 4,577,405 shares trading hands.
