{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-121269","form_type":"8-K","ticker":"HWM","cik":"0000004281","company_name":"Howmet Aerospace Inc.","filed_at":"2023-11-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.690275+00:00","generated_at":"2026-06-07T21:42:57.366460+00:00","sec_items":["2.03","8.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Howmet secures $200M USD and ¥33B JPY term loans, redeems $500M 5.125% notes due 2024","bullets":["Entered $200M USD and ¥33B JPY senior unsecured term loans maturing Nov 22, 2026.","Redeeming $500M of 5.125% Notes due 2024 on Dec 28, 2023 at expected price ~$506M.","Redemption funded by new credit facilities and cash on hand; intends to fix floating rates via swaps.","Loans bear floating rates with margins based on credit ratings (current: 1.750% Term SOFR, 1.750% JPY).","Leverage covenant requires Consolidated Net Debt/EBITDA ≤3.75x."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-121269","json":"https://secwatch.observer/filing/0001104659-23-121269.json","markdown":"https://secwatch.observer/filing/0001104659-23-121269.md","text":"https://secwatch.observer/filing/0001104659-23-121269.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/4281/000110465923121269/0001104659-23-121269-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/4281/000110465923121269/tm2331561d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T21:42:57.366460+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":"666d818ce5c059819beb3ada324a4d1cfd1e14e3","claim":"Howmet Aerospace Inc. incurred term loan of $200 million and ¥33 billion with Truist Bank (as administrative agent) on USD facility; Sumitomo Mitsui Banking Corporation (as administrative agent) on JPY facility at USD Credit Facility: base rate or Term SOFR plus adjustment, plus applicable mar maturing November 22, 2026.","evidence_excerpt":"among the Company, a syndicate of lenders named therein, and Sumitomo Mitsui Banking Corporation, as administrative agent for the lenders. The USD Term Loan Agreement provides a $200 million senior unsecured delayed draw term loan facility (the “ USD Credit Facility ”) that matures on November 22, 2026, unless earlier terminated in accordance with the provisions of","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/4281/000110465923121269/0001104659-23-121269-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$200 million and ¥33 billion"},{"label":"Counterparty","value":"Truist Bank (as administrative agent) on USD facility; Sumitomo Mitsui Banking Corporation (as administrative agent) on JPY facility"},{"label":"Rate","value":"USD Credit Facility: base rate or Term SOFR plus adjustment, plus applicable mar"},{"label":"Maturity","value":"November 22, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}