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BRIEF-Arconic says purchased remainder of debt held by Citigroup and Credit Suisse
May 5, 2017 / 4:32 PM / 4 months ago

BRIEF-Arconic says purchased remainder of debt held by Citigroup and Credit Suisse

May 5 (Reuters) - Arconic Inc:

* Arconic completes debt-for-equity exchange of Alcoa Corporation common stock; reduces $800 million of debt year to date

* Also purchased with cash remainder of debt held by Citigroup and Credit Suisse

* Remainder of debt held by Citigroup and Credit Suisse includes $2 million in aggregate principal amount of Arconic's 6.500% Senior Notes

* Purchased with cash remainder of debt held by Citigroup, Credit Suisse $79.5 million in principal amount of 6.750% Senior Notes due 2018

* Arconic inc says in total, its actions in 2017 have resulted in reduction of its total debt by about $800 million Source text for Eikon: Further company coverage:

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