Howmet Aerospace Announces Increase in Note Tender Offer Size and Adds Additional Series
Howmet Aerospace Inc. (HWM)
Company Research
Source: Business Wire
PITTSBURGH--(BUSINESS WIRE)--Howmet Aerospace, Inc. (NYSE: HWM) (“Howmet Aerospace” or the “Company”) announced today that it has amended its previously announced tender offer and consent solicitation in respect of its 5.40% Notes due 2021 (the “2021 Notes”) to increase the related tender cap from $500,000,000 to $785,000,000. Additionally, the Company announced that it has commenced a cash tender offer to purchase its 5.87% Notes due 2022 (the “2022 Notes”) with an aggregate purchase price of up to $210,000,000.In the tender offers, Howmet Aerospace is offering to purchase its outstanding 2021 Notes and 2022 Notes, in each case in an aggregate principal amount of up to the applicable tender cap, upon the terms and conditions set forth in the related Offer to Purchase and Consent Solicitation Statement. The Company’s tender offer in respect of the 2021 Notes includes a solicitation of consents to amend the related indenture (and references to the offer in respect of the 2021 Notes
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HWM
News
- Howmet Aerospace Board Approves Preferred Stock DividendsBusiness Wire
- Howmet Aerospace Inc. (NYSE: HWM) had its price target raised by analysts at Bank of America Co. from $100.00 to $135.00. They now have a "buy" rating on the stock.MarketBeat
- Howmet Aerospace Inc. (NYSE: HWM) had its price target raised by analysts at Wells Fargo & Company from $113.00 to $129.00. They now have an "overweight" rating on the stock.MarketBeat
- Are Aerospace Stocks Lagging Howmet Aerospace (HWM) This Year? [Yahoo! Finance]Yahoo! Finance
- Howmet Aerospace Inc. (NYSE: HWM) had its price target raised by analysts at Barclays PLC from $100.00 to $130.00. They now have an "overweight" rating on the stock.MarketBeat
HWM
Earnings
- 11/6/24 - Beat
HWM
Sec Filings
- 11/12/24 - Form SC
- 11/7/24 - Form 10-Q
- 11/6/24 - Form 8-K
- HWM's page on the SEC website