Howmet in $500 Million Bond Offering

Cleary Gottlieb represented Howmet Aerospace Inc. (Howmet) in an offering of $500 million aggregate principal amount of its 4.55% notes due 2032.

The note offering priced on November 3, 2025, and is expected to close on November 12, 2025, subject to customary closing conditions.

The net proceeds of the note offering will be used, together with cash on hand, for the redemption of all of the outstanding principal amount of approximately $625 million of Howmet’s 5.9% notes due 2027.

Howmet, headquartered in Pittsburgh, Pennsylvania, is a leading global provider of advanced engineered solutions for the aerospace and transportation industries. Howmet’s primary businesses focus on jet engine components, aerospace fastening systems, and airframe structural components necessary for mission-critical performance and efficiency in aerospace and defense applications, as well as forged aluminum wheels for commercial transportation. With approximately 1,170 granted and pending patents, Howmet’s differentiated technologies enable lighter, more fuel-efficient aircraft and commercial trucks to operate with a lower carbon footprint.