Howmet Aerospace Inc. Announces Pricing of Debt Offering
Howmet Aerospace Inc. (HWM)
Company Research
Source: Business Wire
PITTSBURGH--(BUSINESS WIRE)--Howmet Aerospace Inc. (NYSE: HWM) (“Howmet Aerospace” or the “Company”) today announced that it has priced its underwritten public offering of $1,200,000,000 aggregate principal amount of its 6.875% Notes due 2025 (the “Notes”). The offering is expected to close on April 24, 2020, subject to customary closing conditions.The Company intends to use the net proceeds from the offering to fund an aggregate purchase price of up to $785,000,000 for purchases of its outstanding 5.40% Notes due 2021 and up to $210,000,000 for purchases of its 5.87% Notes due 2022, in each case pursuant to cash tender offers (the “Tender Offers”) that the Company announced today, and to pay related transaction fees, including applicable premiums, consent payments and expenses. The remaining net proceeds are intended to be used for general corporate purposes, which may include the repayment and/or repurchase of other outstanding indebtedness as may be determined by management. Th
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News
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HWM
Earnings
- 5/2/24 - Beat
HWM
Sec Filings
- 6/13/24 - Form 11-K
- 6/4/24 - Form 4
- 6/3/24 - Form 144
- HWM's page on the SEC website