Howmet Aerospace Inc. 8-K Filing

Ticker: HWM · Form: 8-K · Filed: 2025-11-03T00:00:00.000Z

Sentiment: neutral

Filing Stats: 1,325 words · 5 min read · ~4 pages · Grade level 16.5 · Accepted 2025-11-03 08:39:49

Key Financial Figures

Filing Documents

01 Other Events

Item 8.01 Other Events On November 3, 2025, Howmet Aerospace Inc. (the " Company " or " Howmet Aerospace ") announced a proposed offering of senior notes (the " New Notes "). The pricing and terms of the New Notes are subject to market conditions and other factors. 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 $625 million of its 5.90% Notes due 2027 (CUSIP No. 013817AJ0) (the " 2027 Notes "). The Company intends to issue a notice of redemption to redeem the 2027 Notes on December 3, 2025 (the " Redemption Date ") in accordance with the terms of the 2027 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 2027 Notes shall be equal to the greater of (i) 100% of the principal amount of the 2027 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 15 basis points, plus accrued interest to the Redemption Date that has not been paid. The Company expects that the aggregate Redemption Price for the 2027 Notes will be approximately $652 million, including accrued interest. 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 2027 Notes, as the case may be. This Current Report on Form 8-K does not constitute an offer to sell or a solicitation of an offer to buy the New Notes or any other security and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which, or to any persons to whom, such an offer, solicitation or sale would be unlawful. The offering

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 Howmet Aerospace's expectations, assumptions or projections about the future, other than statements of historical fact, are forward-looking statements, including, without limitation, relating to the pricing and terms of the offering of the New Notes and the use of the net proceeds therefrom, including expectations relating to the planned redemption of the 2027 Notes. These statements reflect beliefs and assumptions that are based on Howmet Aerospace's perception of historical trends, current conditions and expected future developments, as well as other factors Howmet Aerospace 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, or unfavorable changes in the markets served by Howmet Aerospace, including due to escalating tariff and other trade policies and the resulting impacts on Howmet Aerospace's supply and distribution chains, as well as on market volatility and global trade generally; (b) the impact of potential cyber attacks and information technology or data security breaches; (c) the

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