Alcoa’s High‑Yield Senior Green Notes Offering

Cravath represented the initial purchasers in connection with the $750 million 144A/Reg. S high‑yield senior green notes offering of Alcoa Nederland Holding B.V., a wholly owned subsidiary of Alcoa Corporation, a global industry leader in the production of bauxite, alumina and aluminum products. The transaction closed on March 21, 2024.

The Cravath team included partner Ryan J. Patrone and associates Obianuju A. Enworom and Noa Ma on capital markets matters; associate Tristan Baylor on tax matters; senior attorney Annmarie M. Terraciano and associate Star S. Gulant on environmental matters; and associate Celine Li on executive compensation and benefits matters. Jeryne Indira Fish also worked on capital markets matters.