Howmet Aerospace Files 8-K

TL;DR

Howmet Aerospace filed an 8-K on Aug 8, 2024. Nothing major, just official updates.

AI Summary

Howmet Aerospace Inc. filed an 8-K on August 8, 2024, reporting other events and financial statements. The company, formerly known as Arconic Inc. and Alcoa Inc., is incorporated in Delaware and headquartered in Pittsburgh, PA.

Why It Matters

This filing provides official updates and financial information for Howmet Aerospace Inc., which is important for investors and stakeholders to monitor the company's status.

Risk Assessment

Risk Level: low — The filing is a standard 8-K for reporting events and financial statements, not indicating any immediate material adverse changes.

Key Players & Entities

• Howmet Aerospace Inc. (company) — Registrant
• Arconic Inc. (company) — Former company name
• Alcoa Inc. (company) — Former company name
• August 8, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $1.00 — registered Common Stock , par value $1.00 per share HWM New York Stock Exchange
• $3.75 — r share HWM New York Stock Exchange $3.75 Cumulative Preferred Stock , par value
• $100 — Cumulative Preferred Stock , par value $100 per share HWM PR NYSE American Indi
• $577 million — nding principal amount of approximately $577 million of its 6.875% Notes due 2025 (CUSIP No.
• $594 m — or the 2025 Notes will be approximately $594 million, including accrued interest, whic

Filing Documents

• tm2421172d1_8k.htm (8-K) — 35KB
• tm2421172d1_ex99-1.htm (EX-99.1) — 11KB
• tm2421172d1_ex99-img001.jpg (GRAPHIC) — 5KB
• 0001104659-24-087072.txt ( ) — 275KB
• hwm-20240808.xsd (EX-101.SCH) — 3KB
• hwm-20240808_def.xml (EX-101.DEF) — 26KB
• hwm-20240808_lab.xml (EX-101.LAB) — 36KB
• hwm-20240808_pre.xml (EX-101.PRE) — 25KB
• tm2421172d1_8k_htm.xml (XML) — 5KB

01 Other Events

Item 8.01 Other Events On August 8, 2024, Howmet Aerospace Inc. (the " Company " or " Howmet Aerospace ") issued a press release announcing a proposed offering of senior notes (the " Notes "). A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference into this Item 8.01. The Company intends to issue a notice of redemption to redeem on August 23, 2024 (the " Redemption Date ") all of the outstanding principal amount of approximately $577 million of its 6.875% Notes due 2025 (CUSIP No. 443201AA6) (the " 2025 Notes ") in accordance with the terms of the 2025 Notes and the Indenture dated as of September 30, 1993, as supplemented, between Howmet Aerospace and The Bank of New York Mellon Trust Company, N.A., as trustee (the " Indenture "). The redemption price (the " Redemption Price ") for the 2025 Notes shall be equal to the greater of (i) 100% of the principal amount of the 2025 Notes, plus accrued interest, if any, to the Redemption Date or (ii) the sum of the present values of the Remaining Scheduled Payments, discounted on a semi-annual basis, assuming a 360-day year consisting of twelve 30-day months, at the Treasury Rate plus 50 basis points, plus accrued interest to the Redemption Date that has not been paid. The Company expects that the aggregate Redemption Price for the 2025 Notes will be approximately $594 million, including accrued interest, which the Company intends to pay with the proceeds from the proposed offering of Notes and cash on hand. Capitalized terms used in this Item 8.01 and not otherwise defined herein shall have the same meaning as given in the Indenture or the 2025 Notes, as the case may be. This Current Report on Form 8-K does not constitute a notice of redemption of the 2025 Notes. The redemption of the 2025 Notes will be made solely pursuant to a notice of redemption delivered pursuant to the Indenture.

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains statements that relate to future events and expectations and as such constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those containing such words as "anticipates," "believes," "could," "envisions," "estimates," "expects," "forecasts," "goal," "guidance," "intends," "may," "outlook," "plans," "projects," "seeks," "sees," "should," "targets," "will," "would," or other words of similar meaning. All statements that reflect the Company's expectations, assumptions or projections about the future, other than statements of historical fact, are forward-looking statements, including, without limitation, expectations relating to the planned redemption of the 2025 Notes. These statements reflect beliefs and assumptions that are based on the Company's perception of historical trends, current conditions and expected future developments, as well as other factors the Company believes are appropriate in the circumstances. Forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and changes in circumstances that are difficult to predict, which could cause actual results to differ materially from those indicated by these statements. Such risks and uncertainties include, but are not limited to: (a) deterioration in global economic and financial market conditions generally; (b) adverse changes in the markets served by Howmet Aerospace; (c) the impact of potential cyber attacks and information technology or data security breaches; (d) the loss of significant customers or adverse changes in customers' business or financial conditions; (e) manufacturing difficulties or other issues that impact product performance, quality or safety; (f) inability of suppliers to meet obligations due to supply chain disruptions or otherwise; (g) failure to attract and retain a qualified wo

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits 99.1 Howmet Aerospace Inc. press release dated August 8, 2024. 104 The cover page of this Current Report on Form 8-K, formatted in Inline XBRL. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HOWMET AEROSPACE INC. Dated: August 8, 2024 By: /s/ Paul Myron Name: Paul Myron Title: Vice President and Treasurer