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Latest ARNC News From Around the Web
Below are the latest news stories about Arconic Corp that investors may wish to consider to help them evaluate ARNC as an investment opportunity.
Finding a reliable stock strategy is a key to sanity in this Age of Coronavirus. The pandemic has pushed governments to impost extreme economic shutdown orders, as part of a larger society ‘stay at home’ policy. The result has been a stoppage of business, a decline in earnings, and a sudden sharp turn from steady economic growth to a deep recessionary event, perhaps even a Depression. And so, for investors, a reliable stock strategy is both necessary and hard to find.One strategy is to follow the insiders. Insiders are the corporate officers and board members charged with running and overseeing public companies. Their positions give them access to information that’s not always available to the general public. To keep the playing field honest, Federal regulators require that insiders pub...
(Bloomberg Opinion) -- Gray? Try “steel-colored.” Angular? You must mean “steel-inspired.” I’m referring, of course, to the new logo of the rechristened Arch Resources Inc.The old logo, with its stylized fragment of St Louis’ Gateway Arch, was fine — apart from the fact that it had the word “coal” in it. Arch Coal, the company’s old name, was a mite too connected with a certain fuel that is not only in terminal decline in the U.S. but also rather unpopular with the ESG crowd.When Arch Coal was formed in 1997, America’s power stations were burning 900 million tons a year, generating more than half the country’s electricity, and climbing. Today, thermal coal accounts for less than a fifth of the mix:Remarkably, in announcing its name change this week, Arch pulled a Voldemort with the word...
Top Analyst Upgrades and Downgrades: AbbVie, AEP, AB InBev, Arconic, Baidu, Best Buy, Co-Diagnostics, Cree, Exelon, Home Depot, NRG, T-Mobile, Walmart and More
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Specialty parts manufacturer Arconic saw a big gain at the open as at least one research shop thinks a business upturn is in the cards.
Arconic Announces Closing of $700 Million Notes Offering and $800 Million ABL Facility Replacing Existing Term Loan and Revolver Facilities
PITTSBURGH--(BUSINESS WIRE)--Arconic Corp. (NYSE: ARNC) (“Arconic” or “the Company”) announced today that it closed its offering of first lien notes (the “Notes”) in the aggregate principal amount of $700 million at 6.000% interest per annum, with a maturity date of May 15, 2025. The Company also replaced its cash flow revolver with a new asset-based credit facility (the “ABL Facility”) with aggregate commitments of $800 million. Deutsche Bank AG New York Branch is Administrative Agent for the
PITTSBURGH--(BUSINESS WIRE)--On April 1, 2020, Arconic Inc. completed the separation of its business into two independent, publicly-traded companies: Howmet Aerospace Inc. (the new name for Arconic Inc.) and Arconic Corporation (“Arconic Corp”). The financial results of Howmet Aerospace prior to April 1, 2020 include the Global Rolled Products business (which became Arconic Corp as of April 1, 2020). First Quarter 2020 Highlights Revenue of $3.2 billion, down 9% year over year; organic revenue1
PITTSBURGH--(BUSINESS WIRE)--Arconic Corp. (NYSE: ARNC) (“Arconic” or “the Company”) announced today a proposed offering of $600 million aggregate principal amount of first lien notes (the “Notes”). The timing of pricing and terms of the Notes are subject to market conditions and other factors. The Company also intends to replace its existing cash flow revolver with a new asset-based credit facility (the “ABL facility”) and has received commitments totaling over $750 million for the new ABL fac
Arconic Corp. (NYSE: ARNC) ("Arconic" or "the Company") announced today the pricing of its offering of $700 million aggregate principal amount of 6.00% first lien notes due 2025 (the "Notes"). The sale of the Notes is expected to be completed on May 13, 2020, subject to customary closing conditions.
Arconic Corporation -- Moody's assigns Ba1 rating to Arconic's 1st lien senior secured notes, downgrades CFR to Ba3; outlook stable
Moody's Investors Service, ("Moody's") assigned a Ba1 rating to Arconic Corporation's (Arconic) 1st lien senior secured notes and downgraded the Corporate Family Rating (CFR) to Ba3 from Ba2 and the Probability of Default Rating to Ba3-PD from Ba2-PD. The Ba3 2nd lien senior secured notes rating was affirmed. The SGL-1 speculative liquidity grade rating is unchanged.
Arconic (HWM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.