Alcoa

Alcoa is buying the bauxite, alumina and aluminium assets of South32 (Ally Group) and is financing the transaction in part with $2.6bn of bonds. Pro-forma adjusted net debt rises to $4.7bn against pro-forma EBITDA of about $3.2bn. Management expects synergies with a net present value of $900m and plans to reduce the temporarily higher leverage through cash‑flow generation, asset sales and partial monetization of the Ma’aden stake. Operationally, Alcoa reported EBITDA of over $900m in the second quarter, production records at five sites and nearly full order books for the rest of 2026; capital expenditures will temporarily increase by $350–450m per year. » Plus sur de.investing.com

Alcoa issued $2.6 billion of senior unsecured notes in two tranches ( $1.5 billion, coupon 6.625% due 2034; $1.1 billion, coupon 6.875% due 2036), issued by subsidiaries. Net proceeds together with cash on hand are intended to cover the approximately $3.1 billion cash purchase price for South32 stakes plus fees and costs. Closing is expected on September 23, 2026, is subject to customary conditions and will be conducted as a private placement to institutional investors under Rule 144A and Regulation S. » Plus sur de.investing.com

Alcoa has begun building a facility to produce gallium at the Wagerup alumina refinery in Western Australia. The project is being carried out in cooperation with government and industry partners from Australia, Japan and the United States. Up to 200 jobs will be created during the construction phase, and about 20 permanent positions are planned for operation. » Plus sur de.investing.com