Howmet closes $1.2B note offering to fund Consolidated Aerospace acquisition

Howmet Aerospace Inc.

Issued $400M 3.750% notes due 2028, $300M 3.900% notes due 2029, $500M 4.750% notes due 2036.
Net proceeds plus $600M CP program/draws and cash to finance ~$1.8B purchase of Consolidated Aerospace Manufacturing.
2036 notes subject to special mandatory redemption at 101% if CAM acquisition is not consummated.
2028 and 2029 notes not subject to special redemption; proceeds used for general corporate purposes if deal fails.
Underwriting agreement with Citigroup, Goldman Sachs, J.P. Morgan, SMBC Nikko dated Feb 17, 2026.

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