Howmet Aerospace Inc. 8-K
Research Summary
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Howmet Aerospace Inc. Prices $1.2B Notes Offering
What Happened Howmet Aerospace Inc. filed a Form 8-K on February 17, 2026 to report that it priced a debt offering. The company announced pricing for $400 million of 3.750% notes due 2028, $300 million of 3.900% notes due 2029 and $500 million of 4.750% notes due 2036. A press release dated February 17, 2026 is attached as Exhibit 99.1 to the filing.
Key Details
- Total principal amount: $1.2 billion (three tranches: $400M, $300M, $500M).
- Coupon rates and maturities: 3.750% due 2028; 3.900% due 2029; 4.750% due 2036.
- Filing: Form 8-K filed February 17, 2026; press release incorporated as Exhibit 99.1.
Why It Matters This filing documents a significant financing transaction that will increase Howmet’s long-term debt by $1.2 billion with fixed interest rates and staggered maturities. For investors, key takeaways are the added interest obligations (the stated coupon rates) and the change in the company’s debt maturity profile—factors that can affect leverage, interest expense and liquidity planning. Review the attached press release and future filings for details on use of proceeds or related refinancing actions.