Alcoa Corporation amended its $1.25 billion revolving credit facility, extending the maturity date to June 27, 2028 and removing sustainability rate adjustments.
Key takeaways
The maturity date of the $1.25 billion revolving credit facility was extended to June 27, 2028.
Credit spread adjustments and sustainability rate adjustments were removed from the agreement.
The Borrower paid a consent fee of 0.05% of each lender's commitment to enter into the amendment.
The aggregate commitment amount remains unchanged at $1.25 billion.
All other material terms, covenants, and events of default remain substantially comparable to the original agreement.