---
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"
generated_at: "2026-06-12T22:25:15.492011+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Howmet Aerospace enters into $1B revolving credit facility and announces $200M note redemption

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-085841
- JSON: https://secwatch.observer/filing/0001104659-23-085841.json
- Plain text: https://secwatch.observer/filing/0001104659-23-085841.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Citibank, N.A., as administrative agent, and JPMorgan Chase Bank, N.A., as syndication agent
  - Value: $1 billion senior unsecured revolving credit facility
  - Effective: 2023-07-27
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/4281/000110465923085841/0001104659-23-085841-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.