debt
confidence high
sentiment neutral
materiality 0.35
Howmet Aerospace to redeem all $205M outstanding 5.125% Notes due 2024 on July 1
Howmet Aerospace Inc.
- Howmet issued notice to redeem all $205.273M of its 5.125% Notes due 2024 on July 1, 2024.
- Redemption price is 100% of par plus accrued interest; estimated aggregate ~$208M.
- Redemption to be funded with cash on hand, reducing outstanding debt and interest cost.