Howmet Aerospace announces early redemption of 5.4% notes due 2021

By Cady Vishniac

Detroit, Jan. 15 – Howmet Aerospace, Inc., previously Arconic Corp., has redeemed all $360,808,000 of its outstanding 5.4% notes due 2021 at par plus accrued interest, according to a press release.

Cash used for the redemption includes the $700 million cash dividend received from the separated Arconic on April 1, as well as a portion of the $1.7 billion of cash on Howmet Aerospace’s balance sheet as of Dec. 31. Pittsburgh-based Howmet is a global provider of advanced engineered solutions for the aerospace and transportation industries.

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