|Bid||24.51 x 800|
|Ask||0.00 x 800|
|Day's Range||24.70 - 25.28|
|52 Week Range||5.80 - 31.59|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 23, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||34.67|
Investors who take an interest in Arconic Corporation ( NYSE:ARNC ) should definitely note that the Executive VP & CFO...
Arconic Corporation (NYSE: ARNC) ("Arconic" or "the Company") announced today the pricing of its offering of an additional $300 million aggregate principal amount of the Company’s 6.125% Senior Secured Second-Lien Notes due 2028 (the "Additional Notes"). The Additional Notes will be issued at an offering price of 106.25% of the principal amount thereof, plus accrued interest from February 15, 2021. The sale of the Additional Notes is expected to be completed on March 3, 2021, subject to customary closing conditions.
Rating Action: Moody's assigns Ba3 rating to Arconic's 2nd lien senior secured notesGlobal Credit Research - 24 Feb 2021New York, February 24, 2021 -- Moody's Investors Service, ("Moody's") assigned a Ba3 rating to Arconic Corporation's (Arconic) new $300 million 2nd lien senior secured notes. All other ratings remain unchanged. Proceeds from the 2nd lien senior secured notes will be used to fund the annuitization of the company's U.S. qualified pension liabilities.Assignments:..Issuer: Arconic Corporation....Senior Secured Regular Bond/Debenture, Assigned Ba3 (LGD3)RATINGS RATIONALEMoody's views the transaction as leverage neutral with the increase in debt to be largely offset by the reduction in pension liabilities.