---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001861"
form_type: "8-K"
ticker: "HWM"
cik: "0000004281"
company_name: "Howmet Aerospace Inc."
filed_at: "2023-12-28T23:59:59+00:00"
generated_at: "2026-06-07T06:37:52.304156+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Howmet Aerospace refinances $400M in debt, redeems $500M of 5.125% notes due 2024

## Summary
- Drew $200M USD term loan and ¥33B JPY term loan (≈$200M) in December 2023.
- Entered interest rate swaps to fix rates; weighted average fixed rate ~3.9%.
- Redeemed $500M aggregate principal of 5.125% Notes due Oct 2024 at ~$506M (incl. $6M accrued interest).
- Redemption funded by ~$106M cash on hand and ~$400M from term loan facilities.
- Remaining outstanding on 2024 Notes approximately $205M.

## SEC filing metadata
- accession: 0001157523-23-001861
- form_type: 8-K
- ticker: HWM
- cik: 0000004281
- company_name: Howmet Aerospace Inc.
- filed_at: 2023-12-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/4281/000115752323001861/0001157523-23-001861-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/4281/000115752323001861/a53874953.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001861
- JSON: https://secwatch.observer/filing/0001157523-23-001861.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001861.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.