HWM · Howmet Aerospace Inc.

Summary

Howmet Aerospace Inc. announced a proposed offering of senior notes to finance, together with $600 million of borrowings under its commercial paper program or debt facilities and cash on hand, the approximately $1.8 billion purchase price for the proposed acquisition of Consolidated Aerospace Manufacturing, LLC. The pricing and terms of the notes are subject to market conditions and other factors.

Key takeaways

• Proposed offering of senior notes announced on February 17, 2026
• Net proceeds from notes plus $600 million borrowings and cash on hand to finance $1.8 billion purchase price
• Target: Consolidated Aerospace Manufacturing, LLC (Proposed CAM Acquisition)
• Offering pursuant to effective shelf registration statement with SEC
• Does not constitute an offer to sell or solicitation to buy the notes