debt
confidence high
sentiment neutral
materiality 0.50
Howmet Aerospace proposes senior notes offering to refinance $625M 5.90% notes due 2027
Howmet Aerospace Inc.
- Offering of new senior notes, terms subject to market conditions; net proceeds plus cash to redeem $625M 5.90% Notes due 2027.
- Redemption of 2027 Notes set for December 3, 2025 at ~$652M aggregate price, including accrued interest.
- Redemption price is greater of 100% principal plus accrued interest or Treasury Rate plus 15 bps discounted.
- New notes offered via shelf registration; not an offer to sell in jurisdictions where unlawful.