Howmet Aerospace (HWM) Announces Proposed Debt Offering
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Howmet Aerospace Inc. Announces Proposed Debt Offering
August 8, 2024 9:00 AM EDTPITTSBURGH--(BUSINESS WIRE)-- Howmet Aerospace Inc. (Howmet Aerospace or the Company) (NYSE: HWM) today announced the launch of a proposed offering of notes (the Notes). The timing of pricing and terms of the Notes are subject to market conditions and other factors.
The Company intends to use the net proceeds from the offering, together with cash on hand, for the redemption of all of the outstanding principal amount of approximately $577 million of its 6.875% Notes due 2025.
J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and SMBC Nikko Securities America,... More
