Howmet Aerospace (HWM) Prices $700M Debt Offering
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Howmet Aerospace (HWM) Announces $1.5B Share Buyback; Proposed Debt Offering
August 18, 2021 9:15 AM EDTHowmet Aerospace Inc. (Howmet Aerospace or the Company) (NYSE: HWM) today announced a number of capital allocation actions.
The Board of Directors of Howmet Aerospace authorized an additional share repurchase program for up to $1.5 billion of its outstanding common stock. After giving effect to the additional authorization, the Company has a total of up to $1.577 billion repurchase authorization available.
Howmet Aerospace also today announced the launch of a proposed offering (the Proposed Offering) of notes (the New Notes). The Company intends to use the net proceeds from the Proposed Offering, along with cash on... More
