Howmet Aerospace (HWM) Announces $1.5B Share Buyback; Proposed Debt Offering

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Howmet Aerospace Announces $1.5 Billion Share Repurchase Authorization, Proposed Debt Offering, and Cash Tender Offer for 2025 Notes

August 18, 2021 9:11 AM EDT

Key Announcements
Howmet Aerospace today announced:

Authorization of an additional share repurchase program for up to $1.5 billion of its outstanding common stock Launch of a proposed debt offering Launch of a cash tender offer to purchase a portion of its outstanding 6.875% Notes due 2025

PITTSBURGH--(BUSINESS WIRE)-- Howmet Aerospace Inc. (Howmet Aerospace or the Company) (NYSE: HWM) today announced a number of capital allocation actions.

The Board of Directors of Howmet Aerospace authorized an additional share repurchase program for up to $1.5 billion... More