secwatch.observer — SEC 8-K summary
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Issuer:     Howmet Aerospace Inc. (HWM)
CIK:        0000004281
Form:       8-K
Filed at:   2023-12-28T23:59:59+00:00
Accession:  0001157523-23-001861
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4281/000115752323001861/0001157523-23-001861-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4281/000115752323001861/a53874953.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001861

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