HWM · 10-Q · 2026Q2 · Full report

Outstanding Indebtedness

Howmet Aerospace Inc. · 2026-08-06 · Importance 64 · Surprise 42 · Matches filing data

Howmet issued $1,200 million of notes in March 2026 with interest rates ranging from 3.750% to 4.750%, following the November 2025 issuance of $500 million of 4.550% notes due 2032. The debt actions are expected to increase 2026 interest expense by approximately $38 million. Howmet also had $450 million of commercial paper outstanding at June 30, 2026 and is evaluating refinancing the $300 million of 6.750% bonds due January 2028, with projected cash and revolving-credit availability expected to support repayment if refinancing is not completed.

Key facts

In March 2026 the Company issued $1,200 aggregate principal amount of notes with interest rates ranging from 3.750% to 4.750%. source
In November 2025 the Company issued $500 of 4.550% Notes due 2032. source
Early redemption in December 2025 of $625 of 5.900% Notes. source

Impact estimates

metric	direction	stage	expected	basis
liability	negative	realized	-9.1%	In March 2026 the Company issued $1,200 aggregate principal amount of notes with interest rates ranging from 3.750% to 4.750%.