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Howmet Aerospace Prices $1.2 Billion Notes Offering

BY MT Newswires | CORPORATE | 02/18/26 05:32 AM EST

05:32 AM EST, 02/18/2026 (MT Newswires) -- Howmet Aerospace (HWM) said late Tuesday it has priced its underwritten public offering of $1.2 billion in senior notes.

The company said the offering includes $400 million of 3.75% notes due 2028, $300 million of 3.90% notes due 2029, and $500 million of 4.75% notes due 2036.

Proceeds from the offering, expected to close on March 3, along with $600 million in borrowings under its commercial paper program or other debt facilities and cash on hand, would help fund the roughly $1.8 billion acquisition of Consolidated Aerospace Manufacturing, the company said.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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