HWM · Howmet Aerospace Inc.

Summary

On February 17, 2026, Howmet Aerospace Inc. announced the pricing of an underwritten public offering of $1.2 billion aggregate principal amount of senior notes. The proceeds, combined with other financing sources, are intended to fund the approximately $1.8 billion acquisition of Consolidated Aerospace Manufacturing, LLC.

Key takeaways

• Howmet Aerospace priced an offering of $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.
• The aggregate principal amount of the notes offering totals $1.2 billion.
• The offering is expected to close on March 3, 2026, subject to customary closing conditions.
• Net proceeds will be used, together with $600 million of commercial paper borrowings and cash on hand, to finance the $1.8 billion acquisition of Consolidated Aerospace Manufacturing, LLC.
• Citigroup, Goldman Sachs, J.P. Morgan, and SMBC Nikko are acting as joint book-running managers for the offering.