debt
confidence high
sentiment positive
materiality 0.55
Howmet closes $500M 4.55% notes due 2032; to redeem $625M 5.9% notes due 2027
Howmet Aerospace Inc.
- Closed $500M aggregate principal of 4.550% Notes due 2032 on Nov 12, 2025.
- On Dec 3, 2025, will redeem all remaining $625M of 5.90% Notes due 2027 at ~$652M.
- Redemption funded by net proceeds and cash on hand; expects ~$14M annual interest expense reduction.
- New notes mature Nov 15, 2032; interest payable semi-annually starting May 15, 2026.
- Underwriters: Goldman Sachs, J.P. Morgan, and Morgan Stanley.