PITTSBURGH--(BUSINESS WIRE)--Howmet Aerospace Inc. (NYSE:HWM) announced that it has closed its underwritten public offering of $1,200,000,000 aggregate principal amount of its 6.875% Notes due 2025.

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 outstanding 5.87% Notes due 2022, in each case pursuant to cash tender offers (the “Tender Offers”) that the Company announced on April 22, 2020, and to pay related transaction fees, including applicable premiums 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 Tender Offers are being made pursuant to the Offer to Purchase and Consent Solicitation Statement dated April 22, 2020. The closing of the offering satisfies the financing condition for the Tender Offers described in the Offer to Purchase and Consent Solicitation.

J.P. Morgan Securities LLC acted 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.