{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-085841","form_type":"8-K","ticker":"HWM","cik":"0000004281","company_name":"Howmet Aerospace Inc.","filed_at":"2023-07-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.353267+00:00","generated_at":"2026-06-12T22:25:15.492011+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Howmet Aerospace enters into $1B revolving credit facility and announces $200M note redemption","bullets":["Howmet entered a $1B senior unsecured revolving credit facility maturing July 27, 2028, replacing existing credit agreement.","The facility has a $500M letter of credit sublimit and allows two one-year extension options.","Current interest margins on SOFR loans are 1.325% (Category 4 rating); facility fee is 0.175% of total commitment.","Howmet will redeem $200M of its 5.125% Notes due 2024 on September 28, 2023, with an expected payment of ~$205M using cash on hand.","The partial redemption reduces outstanding 2024 Notes from ~$905M to ~$705M."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-085841","json":"https://secwatch.observer/filing/0001104659-23-085841.json","markdown":"https://secwatch.observer/filing/0001104659-23-085841.md","text":"https://secwatch.observer/filing/0001104659-23-085841.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/4281/000110465923085841/0001104659-23-085841-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/4281/000110465923085841/tm2322287d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T22:25:15.492011+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"35714f005e1847f4f054531c8b4fcfff8b9800e5","claim":"Howmet Aerospace Inc. entered into Second Amended and Restated Five-Year Revolving Credit Agreement with Citibank, N.A., as administrative agent, and JPMorgan Chase Bank, N.A., as syndication agent valued at $1 billion senior unsecured revolving credit facility (effective 2023-07-27).","evidence_excerpt":"On July 27, 2023, Howmet Aerospace Inc. (“ Howmet Aerospace ” or the “ Company ”) entered into the Second Amended and Restated Five-Year Revolving Credit Agreement (the “ Credit Agreement ”) by and among the Company, a syndicate of lenders and issuers named therein, Citibank, N.A., as administrative agent for the lenders and issuers, and JPMorgan Chase Bank, N.A., as syndication agent.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/4281/000110465923085841/0001104659-23-085841-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Citibank, N.A., as administrative agent, and JPMorgan Chase Bank, N.A., as syndication agent"},{"label":"Value","value":"$1 billion senior unsecured revolving credit facility"},{"label":"Effective","value":"2023-07-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}