老虎机种类

老虎机种类 Inc. (鈥溊匣⒒掷噔�� or the 鈥淐ompany鈥�) (NYSE: ARNC) today announced the early tender results for the previously announced cash tender offers by Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC (the 鈥淧urchasers鈥�) for the Company鈥檚 outstanding debt securities set forth in the table below (the 鈥淣otes鈥�), on the terms and conditions set forth in the Offer to Purchase, dated April 5, 2017 (the 鈥淥ffer to Purchase鈥�), and a related Letter of Transmittal (together, the 鈥淥ffer Materials鈥�), and amendments to the terms of the Offers (as defined below). Capitalized terms used but not otherwise defined in this announcement shall have the meaning given to them in the Offer to Purchase.

As of 5:00 p.m., New York City time, on April 18, 2017 (the previously announced Early Tender Date), the principal amounts of Notes set forth in the table below had been validly tendered and not withdrawn.

The Purchasers have waived the 2019 Offer Condition, have amended the 2019 Offer Purchase Amount Cap and have extended the previously announced Early Tender Date with respect to the 2018 Offers to 11:59 p.m., New York City time, on May 2, 2017, which is the Expiration Date for the Offers.

The Purchasers have amended the 2019 Offer Purchase Amount Cap. The Purchasers will now purchase on the Early Settlement Date (as defined below) an aggregate principal amount of the Company鈥檚 5.720% Notes due 2019 (the 鈥�2019 Notes鈥�) up to $250,000,000, subject to proration.

The settlement for the Notes validly tendered and not withdrawn before the previously announced Early Tender Date is still expected to occur on Thursday, April 20, 2017 (the "Early Settlement Date"). The settlement for any 2018 Notes validly tendered and not withdrawn after the previously announced Early Tender Date and at or prior to the Expiration Date is expected to occur on Thursday, May 4, 2017, which is the Final Settlement Date for the Offers. Since the amended 2019 Offer Purchase Amount Cap has been reached, no additional 2019 Notes will be accepted for purchase on the Final Settlement Date.

The previously announced date for the expiration of withdrawal rights for the Offers has passed and has not been extended. Notes tendered pursuant to the Offers may no longer be withdrawn, except as required by law.

Subject to all conditions to the Offers set forth in the Offer Materials having been satisfied or waived by the Purchasers with respect to such purchases, the Purchasers currently expect that on the Early Settlement Date they will accept for purchase all of the Company鈥檚 6.500% Notes due 2018 and 6.750% Notes due 2018 (together, the 鈥�2018 Notes鈥�) validly tendered at or prior to the previously announced Early Tender Date (as set forth in the table below) and, since the 2019 Offer Condition has been waived and the 2019 Offer Purchase Amount Cap has been amended, $250,000,000 of the 2019 Notes, subject to proration as set forth in the Offer to Purchase.

Holders who validly tendered and did not withdraw Notes by the previously announced Early Tender Date (5:00 p.m., New York City time, on April 18, 2017) and Holders who validly tender and do not withdraw 2018 Notes by the extended Early Tender Date with respect to the 2018 Offers (11:59 p.m., New York City time, on May 2, 2017) will be eligible to receive the Total Consideration (subject to proration, if applicable), which will be determined by reference to the fixed spread specified below (the 鈥淔ixed Spread鈥�) over the yield (the 鈥淩eference Yield鈥�) based on the bid side price of the Reference U.S. Treasury Security specified below as calculated by the Purchasers as of 2:00 p.m., New York City time, on April 19, 2017 (such time and date, as the same may be extended, the 鈥淧rice Determination Date鈥�) and will include the Early Tender Premium of $30.00 per $1,000 principal amount of Notes.

Title of Security

CUSIP Number/ISIN

Principal Amount Outstanding

Principal Amount Tendered

Principal Amount to Be Accepted

Acceptance Priority Level

Reference U.S. Treasury Security

Bloomberg Reference Page (1)

Fixed Spread (Basis Points)

6.500% Senior Notes due 2018

022249BA3/ US022249BA36

$250,000,000

$147,940,000

$147,940,000

1

1.25% UST due March 31, 2019

FIT1

+15

6.750% Senior Notes due 2018

013817AS0/ US013817AS04

$750,000,000

$397,034,000

$397,034,000

2

1.25% UST due March 31, 2019

FIT1

+35

5.720% Senior Notes due 2019

013817AP6/ 013817AM3/ U01347AA8/ US013817AP64/ US013817AM34/ USU01347AA84

$750,000,000

$383,757,000

$250,000,000

3

1.25% UST due March 31, 2019

FIT1

+35

(1)		The applicable page on Bloomberg from which the Purchasers will quote the bid side price of the Reference U.S. Treasury Security.

We refer to the offers to purchase the 2018 Notes as the 鈥�2018 Offers,鈥� the offer to purchase the 2019 Notes as the 鈥�2019 Offer鈥� and the 2018 Offers and the 2019 Offer together as the 鈥淥ffers.鈥�

The Purchasers will not accept for purchase more than $1,000,000,000 aggregate principal amount of Notes (the 鈥淢aximum Purchase Amount鈥�) in the Offers (subject to the Purchasers鈥� right to increase or decrease the Maximum Purchase Amount).

Aside from the waiver of the 2019 Offer Condition, the amendment to the 2019 Offer Purchase Amount Cap and the extended Early Tender Date with respect to the 2018 Offers, all other terms and conditions of the Offers remain unchanged.

As set forth in the Offer Materials, the Purchasers intend to negotiate to sell the Notes to the Company for cash or to exchange the Notes for shares of common stock of Alcoa Corporation held by the Company. The Purchasers intend to negotiate to sell to the Company any validly tendered Notes in excess of $500,000,000 in the aggregate on the Early Settlement Date or soon thereafter and negotiate to sell to or exchange with the Company all other validly tendered Notes on the Final Settlement Date or soon thereafter.

The Offers will expire at 11:59 p.m., New York City time, on May 2, 2017 (the 鈥淓xpiration Date鈥�), unless extended or earlier terminated.

For additional information regarding the terms of the Offers, please contact Citigroup Global Markets Inc. at (800) 558-3745 (toll free) or (212) 723-6106 (collect) or Credit Suisse Securities (USA) LLC at (800) 820-1653 (toll free) or (212) 538-1862 (collect). Requests for documents and questions regarding the tender of Notes may be directed to Global Bondholder Services Corporation at (866) 924-2200 (toll free) or (212) 430-3774 (collect).

Copies of the Offer to Purchase and the Letter of Transmittal related to the Offers may also be obtained at no charge from Global Bondholder Services Corporation.

None of 老虎机种类, its board of directors, the Purchasers, the trustee under the indentures, the information agent and depositary make any recommendation as to whether Holders of the Notes should tender or refrain from tendering the Notes.

This announcement does not constitute an offer to purchase or a solicitation of an offer to sell securities. The Offers are being made solely by means of the Offer to Purchase and the related Letter of Transmittal.

About 老虎机种类

老虎机种类 (NYSE: ARNC) creates breakthrough products that shape industries. Working in close partnership with our customers, we solve complex engineering challenges to transform the way we fly, drive, build and power. Through the ingenuity of our people and cutting-edge advanced manufacturing techniques, we deliver these products at a quality and efficiency that ensure customer success and shareholder value. For more information: . Follow @arconic: , , , and .

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Forward鈥揕ooking Statements

This communication contains statements that relate to future events and expectations and as such constitute forward-looking statements. Forward-looking statements include those containing such words as 鈥渁nticipates,鈥� 鈥渂elieves,鈥� 鈥渃ould,鈥� 鈥渆stimates,鈥� 鈥渆xpects,鈥� 鈥渇orecasts,鈥� 鈥済uidance,鈥� 鈥済oal,鈥� 鈥渋ntends,鈥� 鈥渕ay,鈥� 鈥渙utlook,鈥� 鈥減lans,鈥� 鈥減rojects,鈥� 鈥渟eeks,鈥� 鈥渟ees,鈥� 鈥渟hould,鈥� 鈥渢argets,鈥� 鈥渨ill,鈥� 鈥渨ould,鈥� or other words of similar meaning. All statements that reflect 老虎机种类鈥檚 expectations, assumptions or projections about the future, other than statements of historical fact, are forward-looking statements. Forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and changes in circumstances that are difficult to predict. Although 老虎机种类 believes that the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that these expectations will be attained and it is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties, including, but not limited to, deterioration in global economic and financial market conditions generally, and the risk factors discussed in 老虎机种类鈥檚 Form 10-K for the year ended December 31, 2016, and other reports filed with the U.S. Securities and Exchange Commission (SEC). 老虎机种类 disclaims any obligation to update publicly any forward-looking statements, whether in response to new information, future events or otherwise, except as required by applicable law. Market projections are subject to the risks discussed above and other risks in the market.

老虎机种类
Investor Contact:
Patricia Figueroa, 212-836-2758
Patricia.Figueroa@arconic.com
or
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