PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE:AA) announced today that Alcoa Nederland Holding B.V., a wholly-owned subsidiary of Alcoa, closed its offering of $500,000,000 aggregate principal amount of 6.125% senior notes due 2028.

The issuer intends to use the net proceeds from the issuance of the notes for general corporate purposes, including to make mandatory or discretionary contributions to Alcoa’s U.S. pension and other postretirement benefit plans. The notes are guaranteed on a senior unsecured basis by Alcoa and certain of its subsidiaries.

About Alcoa

Alcoa is a global industry leader in bauxite, alumina, and aluminum products, and is built on a foundation of strong values and operating excellence dating back nearly 130 years to the world-changing discovery that made aluminum an affordable and vital part of modern life. Since developing the aluminum industry, and throughout our history, our talented Alcoans have followed on with breakthrough innovations and best practices that have led to efficiency, safety, sustainability, and stronger communities wherever we operate.