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AA » Topics » Harry Mateer - Barclays Capital - Analyst

This excerpt taken from the AA 8-K filed Oct 13, 2009.

Harry Mateer - Barclays Capital - Analyst

Good afternoon. I was wondering if you could talk a little bit about your liquidity and specifically any update you can give us on the $1.9 billion 364-day facility.

 

 

Charles McLane - ALCOA Inc - EVP, CFO

Yes, right now, we’re not planning on renewing that. Basically if you look at our liquidity position right now and you look at terms that are coming due over the next couple of years, and as Klaus said, we’ve been fulfilling all of our cash sustainability objectives. So right now we’re, we’re generating cash, from cash from ops. We’ve gotten through the tail end of our capital expenditures program and our growth projects. We’ve got 1.1 billion in the bank and, you know, if things were to change, we could go back at that any time we wanted to. But right now, we’re not looking to renew.

 

 

Operator

And that’s all the time we have for questions. I would like to thank everyone for their participation in today’s conference. This concludes the presentation. Actually, we have Klaus Kleinfeld for closing remarks.

 

 

Klaus Kleinfeld - ALCOA Inc - President, CEO

Yes, thank you very much, and we’ve seen that there was a huge interest this time in Alcoa and our numbers, highly appreciate it. Also appreciate some of your very thoughtful comments. Really, as you know, it’s important for the whole management team to have a good dialogue with our investors and one thing you can be sure, and I think that those that know us better know that we will continue to execute against what we promise and to let, keep our fingers crossed that the head winds will not go overboard and personally, let’s all keep our fingers crossed that the economy will continue the path out of the situation that we have been in the way we describe it today because it’s just going to be much better place for all of us. Thank you very much for listening in, and see you soon. Bye.

 

 

Operator

Thank you, everyone. This concludes the presentation. You may now disconnect. Have a great day.

 

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FINAL TRANSCRIPT

 

Oct. 07. 2009 / 5:00PM ET, AA - Q3 2009 ALCOA Inc Earnings Conference Call

 

 

 

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