Howmet Aerospace prices $500M debt offering at 4.850% to redeem $577M 2025 notes

Howmet Aerospace Inc.

Priced $500M aggregate principal of 4.850% Notes due 2031; offering expected to close Aug 22, 2024.
Net proceeds plus cash will redeem all ~$577M outstanding of 6.875% Notes due 2025.
Redemption notice for 2025 Notes issued Aug 8, 2024; redemption date Aug 23, 2024.
J.P. Morgan, Citigroup, Morgan Stanley, SMBC Nikko act as joint book-running managers.

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