debt
confidence high
sentiment neutral
materiality 0.70
Howmet prices $1.2B debt offering to fund Consolidated Aerospace acquisition
Howmet Aerospace Inc.
- Howmet priced $400M 3.750% notes due 2028, $300M 3.900% notes due 2029, and $500M 4.750% notes due 2036.
- Proceeds, plus $600M from commercial paper/debt facilities and cash, to fund ~$1.8B Consolidated Aerospace purchase.
- Offering expected to close March 3, 2026; joint book-runners: Citigroup, Goldman Sachs, J.P. Morgan, SMBC Nikko.
- Notes offered under existing shelf registration; prospectus supplement filed with SEC.