Item 1.01 Entry into a Material Definitive Agreement.
On
The Indenture contains certain restrictive covenants that limit the Issuer's and each guarantor's ability to, among other things, create liens on certain assets; consolidate, merge, sell or otherwise dispose of all or substantially all of their assets; take any actions that would reduce the Company's ownership of AWAC (as defined in the Indenture) below an agreed level; and enter into certain sale and leaseback transactions. These covenants are subject to a number of limitations and exceptions. The Indenture also contains customary events of default.
The notes may be redeemed at the Issuer's option, in whole or in part, at any
time and from time to time on and after
The Issuer intends to use the net proceeds of the issuance of the notes being offered for general corporate purposes, including adding cash to the balance sheet.
The foregoing description of the Indenture is not complete and is subject to, and qualified in its entirety by reference to, the full text of the Indenture, which is attached hereto as Exhibit 4.1 and is incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under
an Off-Balance Sheet Arrangement of a Registrant.
The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.
Item 7.01. Regulation FD Disclosure.
On
The information contained in this Item 7.01, including Exhibit 99.1 attached hereto, shall be deemed "furnished" and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing made under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
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Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit number Description 4.1 Indenture, datedJuly 13, 2020 , amongAlcoa Nederland Holding B.V .,Alcoa Corporation , certain subsidiaries ofAlcoa Corporation , and TheBank of New York Mellon Trust Company, National Association , as trustee 99.1 Press Release ofAlcoa Corporation datedJuly 13, 2020 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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