Howmet Aerospace (HWM) Prices $500M Notes Offering
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Howmet Aerospace Inc. Announces Pricing of Debt Offering
August 8, 2024 4:32 PM EDTPITTSBURGH--(BUSINESS WIRE)-- Howmet Aerospace Inc. (Howmet Aerospace or the Company) (NYSE: HWM) today announced that it has priced its underwritten public offering of $500 million aggregate principal amount of its 4.850% Notes due 2031 (the Notes). The offering is expected to close on August 22, 2024, subject to customary closing conditions.
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... More
