Arconic concludes debt-for-equity exchange of Alcoa Corporation common stock
Reduces USD800 million of debt year to date
On 4 May, Arconic completed the exchange of its remaining 12,958,767 common stock of Alcoa Corporation for USD428,635,000 aggregate principal amount of Arconic debt held by Citigroup Global Markets and Credit Suisse Securities (USA) LLC, says a company press release.
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