Every 424B that Howmet Aerospace Inc. (HWM) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow HWM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HWM filings page.
Howmet Aerospace Inc. is offering $1,200,000,000 of senior unsecured notes in three tranches to help finance the Proposed CAM Acquisition.
The offering consists of $400,000,000 3.750% notes due 2028, $300,000,000 3.900% notes due 2029 and $500,000,000 4.750% notes due 2036. Net proceeds, together with $600,000,000 of borrowings and cash, are intended to finance the approximately $1.8 billion cash purchase price for Consolidated Aerospace Manufacturing, LLC (the "Proposed CAM Acquisition").
The 2036 tranche includes a Special Mandatory Redemption provision requiring redemption at 101% of principal plus accrued interest if the Proposed CAM Acquisition is not consummated by the Special Mandatory Redemption End Date or if the purchase agreement is terminated. The notes will be senior unsecured obligations and are not listed on any exchange.
Howmet Aerospace Inc. plans a multi-tranche senior unsecured notes offering to help finance its proposed approximately $1.8 billion cash acquisition of Consolidated Aerospace Manufacturing from Stanley Black & Decker. The notes are general unsecured obligations, ranking equally with existing unsubordinated debt and effectively junior to secured debt and all subsidiary liabilities.
One notes series is subject to a special mandatory redemption at 101% of principal plus accrued interest if the acquisition is not completed under the purchase agreement, while all series feature optional redemption and a 101% change of control repurchase right. Howmet intends to combine the net proceeds with $600 million of commercial paper or other debt facilities and cash on hand. Newly executed revolving credit agreements provide a $1.0 billion five‑year facility maturing in 2031 and a $600 million 364‑day facility maturing in 2027, enhancing liquidity around the transaction.
Howmet Aerospace Inc. is issuing $500,000,000 aggregate principal amount of senior unsecured 4.550% Notes due November 15, 2032. Interest accrues from November 12, 2025 and is payable semi‑annually on May 15 and November 15, beginning May 15, 2026. The notes rank equally with the company’s other unsecured, unsubordinated debt and may be redeemed at the company’s option as described, with a 101% repurchase offer required upon a change of control repurchase event.
The notes priced at 99.958% with a 0.625% underwriting discount, yielding proceeds to Howmet of 99.333% ($496,665,000) before expenses; estimated net proceeds are approximately $495 million, plus accrued interest, if any. Howmet intends to use the net proceeds, together with cash on hand, to redeem approximately $625 million of its 5.90% Notes due 2027; the expected aggregate redemption price is approximately $652 million, and the company anticipates annualized interest expense savings of approximately $14 million. As of September 30, 2025, total outstanding indebtedness was about $3.2 billion, excluding this issuance, and the company had capacity to incur additional debt, including up to $1.0 billion under its revolving credit agreement.
Howmet Aerospace Inc. launched a preliminary prospectus supplement for a primary offering of senior unsecured notes. The Notes will rank equally with the company’s other unsecured, unsubordinated debt, pay semi-annual interest, and may be redeemed at Howmet’s option as described, with a holder right to require repurchase at 101% upon a change of control repurchase event.
Howmet intends to use the proceeds, together with cash on hand, to redeem approximately $625 million of its 5.90% Notes due 2027. The company expects the aggregate redemption price to be approximately $652 million. As of September 30, 2025, total outstanding indebtedness was about $3.2 billion, and the company had capacity of up to $1.0 billion under its five-year revolving credit agreement. The Notes will be issued in book-entry form through DTC; no exchange listing is planned, and any market making by underwriters is not assured. Certain underwriters or affiliates may own a portion of the 2027 Notes, so the transaction will be conducted in accordance with FINRA Rule 5121.