Loan & DebtMay 4, 2026, 04:18 PM
Alcoa Extends $1.25B Revolving Credit Facility to June 2028
AI Summary
Alcoa Corporation amended its Revolving Credit Agreement, extending the maturity date of the $1.25 billion facility to June 27, 2028. Amendment No. 3 also removed credit spread, sustainability rate, and sustainability commitment fee adjustments. The company paid a 0.05% consent fee to participating lenders. The aggregate commitment amount under the facility remains unchanged at $1.25 billion.
Key Highlights
- Alcoa extended its Revolving Credit Agreement maturity date to June 27, 2028.
- The aggregate commitment under the facility remains $1.25 billion.
- Removed credit spread adjustment for secured overnight financing rate (SOFR) based loans.
- Removed sustainability rate adjustments from the agreement.
- Removed sustainability commitment fee adjustments.
- Paid a 0.05% consent fee to lenders for their commitment.
Price Impact
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