EX-99.4
16
tm2015094d1_ex99-4.htm
EXHIBIT 99.4
Exhibit 99.4
FOR IMMEDIATE RELEASE
Investor Contact:
Media Contact:
Paul T. Luther
Esra Ozer
(412) 553-1950
(412) 553-2666
Paul.Luther@howmet.com
Esra.Ozer@howmet.com
Howmet Aerospace Completes Early Redemption
of 6.150% Notes Due 2020 and
Early Partial Redemption of 5.40% Notes
Due 2021
PITTSBURGH, April 6, 2020 - Howmet Aerospace Inc. (NYSE:
HWM) announced today that it has completed the previously indicated
early redemption of all of its 6.150% Notes due 2020 (the "6.150% Notes") and the early partial redemption of its 5.40%
Notes due 2021 (the "5.40% Notes") in the aggregate principal amount of $1,000,000,000 and $300,000,000, respectively.
Holders of the 6.150% Notes were paid $1,020.15 per $1,000.00 aggregate principal amount of the 6.150% Notes, or an aggregate of
$1,020.2 million, plus accrued and unpaid interest up to, but not including, the redemption date; and holders of the 5.40% Notes
were paid $1,050.35 per $1,000.00 aggregate principal amount of the 5.40% Notes, or an aggregate of $315.1 million, plus accrued
and unpaid interest up to, but not including, the redemption date.
Taken together, the actions that Howmet Aerospace has taken
in 2020 have resulted in the Company reducing its total debt by approximately $1.3 billion.
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. With
nearly 1,300 granted and pending patents, the Company's differentiated technologies enable lighter, more fuel-efficient
aircraft to operate with a lower carbon footprint. In 2019, the businesses of Howmet Aerospace reported annual revenue of over
$7 billion. For more information, visit
www.howmet.com
.
Dissemination of Company Information
Howmet Aerospace intends to make future announcements regarding
Company developments and financial performance through its website at
www.howmet.com
.
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EX - 99 . 4 16 tm2015094d1 _ ex99 - 4 . htm EXHIBIT 99 . 4 Exhibit 99 . 4 FOR IMMEDIATE RELEASE Investor Contact : Media Contact : Paul T . Luther Esra Ozer ( 412 ) 553 - 1950 ( 412 ) 553 - 2666 Paul.Luther@howmet.com Esra.Ozer@howmet.com Howmet Aerospace Completes Early Redemption of 6 . 150 % Notes Due 2020 and Early Partial Redemption of 5 . 40 % Notes Due 2021 PITTSBURGH , April 6 , 2020 - Howmet Aerospace Inc . ( NYSE : HWM ) announced today that it has completed the previously indicated early redemption of all of its 6 . 150 % Notes due 2020 ( the " 6 . 150 % Notes " ) and the early partial redemption of its 5 . 40 % Notes due 2021 ( the " 5 . 40 % Notes " ) in the aggregate principal amount of $ 1,000,000,000 and $ 300,000,000 , respectively . Holders of the 6 . 150 % Notes were paid $ 1,020.15 per $ 1,000.00 aggregate principal amount of the 6 . 150 % Notes , or an aggregate of $ 1,020.2 million , plus accrued and unpaid interest up to , but not including , the redemption date ; and holders of the 5 . 40 % Notes were paid $ 1,050.35 per $ 1,000.00 aggregate principal amount of the 5 . 40 % Notes , or an aggregate of $ 315.1 million , plus accrued and unpaid interest up to , but not including , the redemption date . Taken together , the actions that Howmet Aerospace has taken in 2020 have resulted in the Company reducing its total debt by approximately $ 1.3 billion . 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 . With nearly 1,300 granted and pending patents , the Company 's differentiated technologies enable lighter , more fuel - efficient aircraft to operate with a lower carbon footprint . In 2019 , the businesses of Howmet Aerospace reported annual revenue of over $ 7 billion . For more information , visit www.howmet.com . Dissemination of Company Information Howmet Aerospace intends to make future announcements regarding Company developments and financial performance through its website at www.howmet.com . 2