Alcoa Proposes $2.6 Billion Senior Notes Offering for South32 Deal

08:41 AM EDT, 09/09/2026 (MT Newswires) -- Alcoa (AA) plans to offer $2.6 billion in senior notes to help fund the cash portion of its proposed South32 asset acquisition, the company said Wednesday. The offering includes senior notes due in 2034 and 2036, issued by Alcoa's wholly owned subsidiaries and guaranteed by Alcoa and certain subsidiaries, the company said. The company expects to use the proceeds and cash on hand to fund the acquisition's $3.1 billion cash consideration and related expenses.