05:11 PM EST, 03/03/2025 (MT Newswires) -- Alcoa ( AA ) said Monday that its Alumina subsidiary priced a $1 billion offering of senior notes.

Proceeds will be used to repurchase $750 million of existing 2027 notes issued by Alcoa Nederland and up to $250 million of existing 2028 notes, according to the company.

Any remaining proceeds from the offering will be used to repay debt and for general corporate purposes, the company said.

Alcoa ( AA ) expects to close the offering on March 17.