Alcoa Commences Debt Offering, Announces Tender Offers to Enhance Maturity Profile of Company Debt

Alcoa AA announced today it will seek to enhance the maturity profile of its debt through tender offers for two series of outstanding notes and a concurrent public offering of senior unsecured debt securities. Alcoa has commenced tender offers to purchase for cash: Any and all of its 5.375% Notes due 2013; and Up to the Maximum Tender Amount of its outstanding 6.00% Notes due 2013; provided that the purchase of the 6.00% Notes will be subject to an aggregate purchase limit of $400 million in cash. The Maximum Tender Amount is $750 million in cash less the aggregate purchase price of the 5.375% Notes due 2013 accepted for purchase pursuant to the Any and All Tender Offer.