Arconic borrows $500 million under revolving credit facility

By Sarah Lizee

Olympia, Wash., April 2 – Arconic Corp. borrowed $500 million under its $1 billion revolving credit facility on Thursday, according to an 8-K filing with the Securities and Exchange Commission.

The borrowing was a proactive measure taken by the company to bolster its liquidity and preserve financial flexibility in light of current uncertainties resulting from the novel coronavirus outbreak.

JPMorgan Chase Bank, NA is the administrative agent.

Arconic, formerly known as Arconic Rolled Products Corp., is an aluminum products company.

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