PITTSBURGH--(BUSINESS WIRE)--Howmet Aerospace Inc. (NYSE: HWM) today announced that it has priced its underwritten public offering of $1,200,000,000 aggregate principal amount of its 6.875% Notes due 2025. The offering is expected to close on April 24, 2020, subject to customary closing conditions.

The Company intends to use the net proceeds from the offering to fund an aggregate purchase price of up to $785,000,000 for purchases of its outstanding 5.40% Notes due 2021 and up to $210,000,000 for purchases of its 5.87% Notes due 2022, in each case pursuant to cash tender offers (the “Tender Offers”) that the Company announced today, and to pay related transaction fees, including applicable premiums, consent payments and expenses. The remaining net proceeds are intended to be used for general corporate purposes, which may include the repayment and/or repurchase of other outstanding indebtedness as may be determined by management. The Tender Offer in respect of the 5.40% Notes due 2021 includes a solicitation of consents to amend the related indenture. The Tender Offer in respect of the 5.87% Notes due 2022 does not include any consent solicitation. The offering is not conditioned upon the consummation of the Tender Offers. The Tender Offers are being made pursuant to the relevant Offer to Purchase.

J.P. Morgan Securities LLC is acting as sole book-running manager for the offering.

About Howmet Aerospace

Howmet Aerospace Inc., headquartered in Pittsburgh, Pennsylvania, is a leading global provider of advanced engineered solutions for the aerospace and transportation industries. The Company’s primary businesses focus on jet engine components, aerospace fastening systems, and titanium structural parts necessary for mission-critical performance and efficiency in aerospace and defense applications, as well as forged wheels for commercial transportation.