ARCONIC INC. (NYSE:ARNC) Files An 8-K Other Events

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ARCONIC INC. (NYSE:ARNC) Files An 8-K Other Events

Item8.01.

Other Events.

On June19, 2017, Arconic Inc. (Arconic or the Company) announced
the completion of the early redemption of all of 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 $105.1million, 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
$363.5million, plus accrued and unpaid interest up to, but not
including, the redemption date. These redemptions are a component
of Arconics de-leveraging program.

Taken together, Arconic actions in 2017 have resulted in the
Company reducing its total debt by approximately $1.25billion.

A copy of the Companys press release regarding the foregoing is
attached hereto as Exhibit 99.1 and is incorporated herein by
reference.


Item9.01.
Financial Statements and Exhibits.

(d) Exhibits

The following is filed as an exhibit to this report:

ExhibitNo.


Description

99.1 Arconic Inc. press release, issued June19, 2017.



Arconic Inc. Exhibit
EX-99.1 2 d417596dex991.htm EX-99.1 EX-99.1 Exhibit 99.1   FOR IMMEDIATE RELEASE   Investor Contact:      Media Contact:   Patricia Figueroa      Shona Sabnis   (212) 836-2758      (212) 836-2626   [email protected]      [email protected]   Arconic Completes Early Redemption of 6.50% Bonds Due 2018 and 6.75% Notes Due 2018 NEW YORK,…
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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.