Howmet Aerospace launches senior notes offering to redeem $577M of 6.875% notes due 2025

Howmet Aerospace Inc.

Proceeds from new notes plus cash on hand to redeem ~$577M of 6.875% notes due 2025; redemption expected August 23, 2024.
Estimated aggregate redemption price ~$594M including accrued interest.
Joint book-running managers: J.P. Morgan, Citigroup, Morgan Stanley, SMBC Nikko.
Terms of new notes subject to market conditions; pricing and timing not yet set.

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