Alcoa files $5 billion debt, preferred, stock, stock purchase unit, trust preferred shelf

New York, Dec. 10 - Alcoa Inc. filed a $5 billion shelf registration with the Securities and Exchange Commission Monday covering debt securities, preferred stock, common stock, warrants, stock purchase contracts, stock purchase units and trust preferred securities via Alcoa Trust I.

In addition to the stock purchase units, the shelf also makes provision for the debt, preferred stock and trust preferred securities to be structured as convertibles.

The Pittsburgh, Pa. aluminum company said it would use proceeds for general corporate purposes, including repayment of borrowings including commercial paper, working capital, capital expenditures, stock repurchase programs and acquisitions unless specified otherwise at the time of sale.

For the nine months to Sept. 30, 2001, Alcoa had an earnings to fixed charge ratio of 6.0 times compared to 6.5 times for all of 2000.

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