Howmet Aerospace said on August 8, 2024 that it launched a proposed offering of senior notes. The company said the timing of pricing and the terms of the offering are subject to market conditions and other factors.

1. 01

   Howmet Aerospace said on August 8, 2024 that it launched a proposed offering of senior notes. The company said the timing of pricing and the terms of the offering are subject to market conditions and other factors.

2. 02

   The company said it intends to redeem all of the outstanding principal amount of approximately $577 million of its 6.875% Notes due 2025 on August 23, 2024.

3. 03

   The company expects the total redemption price for the 2025 Notes, including accrued interest, to be approximately $594 million. It said it plans to pay this with proceeds from the new notes offering and cash on hand.

4. 04

   The company said the redemption price will be the greater of (i) 100% of the principal amount plus accrued interest, or (ii) the sum of the present values of the remaining scheduled payments, discounted semi-annually at the Treasury Rate plus 50 basis points, plus any accrued and unpaid interest to the redemption date.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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