04:08 AM EDT, 03/18/2025 (MT Newswires) -- Alcoa ( AA ) said late Monday its Alumina subsidiary closed an offering of $500 million in 6.125% senior notes due 2030 and $500 million in 6.375% senior notes due 2032.

The company said the funds raised from the offering, guaranteed by Alcoa ( AA ) and some of its subsidiaries, will be used within the Alcoa ( AA ) group, including contributions to Alcoa Nederland Holding, to fund the purchase of existing 2027 and 2028 notes through cash tender offers.

Any remaining proceeds will be used for general corporate purposes, including potential redemption of the existing notes, it added.