PITTSBURGH--(BUSINESS WIRE)--Howmet Aerospace Inc. (NYSE: HWM) today announced the launch of a proposed offering of notes. The timing of pricing and terms of the Notes are subject to market conditions and other factors.

The Company intends to use the net proceeds from the offering to fund the aggregate purchase price of up to $500,000,000 of its outstanding 5.40% Notes due 2021 pursuant to the cash tender offer and consent solicitation (the “Tender Offer and Consent Solicitation”) also 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 offering is not conditioned upon the consummation of the Tender Offer and Consent Solicitation. The Tender Offer and Consent Solicitation is being made pursuant to the relevant Offer to Purchase and Consent Solicitation Statement dated April 22, 2020.

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.