) declared the early redemption of its entire 6% Notes due Jul
15, 2013, in the aggregate principal amount of $422,463,000. The
Notes holders were paid $1,002.60 per $1,000.00 aggregate
principal amount of the Notes with accrued and unpaid interest up
to, but excluding, the redemption date.
In order to increase the maturity profile of its debts, Alcoa
had declared tender offerings for two series of outstanding notes
in Apr 2011. The two series of cash tenders offered by Alcoa
included any and entire of its 5.375% Notes due 2013 and an
outstanding 6.00% Notes due 2013 subject to an aggregate purchase
limit of $400 million in cash up to a maximum purchase sub limit.
The maximum tender amounted to $750 million in cash less the
aggregate purchase price of the 5.375% Notes due 2013.
Later, in May 2011, Alcoa announced the final results of the
tender offer of the 6.00% Notes due 2013. The aggregate principal
amount of 6.00% Notes tendered and not withdrawn was
$327,537,000, representing 43.67% of the $750,000,000 aggregate
principal amount of the 6.00% Notes outstanding prior to the
Maximum Tender Offer.
Morgan Stanley & Co. Incorporated, a wing of
), acted as the dealer manager for the tender offers and
Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, the
non-bank subsidiary of
JPMorgan Chase & Co.
), played the role of Coordinating Dealer Managers for the
offering. Apart from Luxembourg, Global Bondholder Services
Corporation acted as the depositary and the information agent.
Alcoa commands a leading position with respect to production and
management of primary aluminum, fabricated aluminum and alumina.
It is also the world's largest miner of bauxite and refiner of
Alcoa, which currently retains a Zacks Rank #3 (Hold), is set to
announce its second- quarter 2013 results after the closing bell
on Jul 8, 2013.
Lake Shore Gold Corp.
), which also belongs to the mining industry, holds a Zacks Rank
ALCOA INC (AA): Free Stock Analysis Report
JPMORGAN CHASE (JPM): Free Stock Analysis
LAKE SHORE GOLD (LSG): Free Stock Analysis
MORGAN STANLEY (MS): Free Stock Analysis
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