Constellium Prices Company's Notes Offering

Core Viewpoint - Constellium SE has announced a private offering of €300 million in euro-denominated senior unsecured notes and $350 million in U.S. dollar-denominated senior unsecured notes, both due in 2032, to refinance existing debt [1][2]. Group 1: Notes Offering Details - The total amount of the Notes Offering is €300 million and $350 million, with the Euro Notes bearing an interest rate of 5.375% per annum and the USD Notes at 6.375% per annum, payable semiannually [1][7]. - The proceeds from the Notes Offering will be used to redeem all outstanding 5.875% Senior Notes and 4.250% Senior Notes, both due in 2026, along with related fees and expenses [2][8]. - The expected closing date for the Notes Offering is August 8, 2024, subject to customary closing conditions [7]. Group 2: Redemption of Existing Notes - The redemption date for the 2026 Notes is anticipated to be August 26, 2024, with a redemption price of 100% of the principal amount plus accrued interest [8]. - The redemption is contingent upon the successful completion of the Notes Offering [8]. Group 3: Company Overview - Constellium is a global leader in developing innovative, value-added aluminum products for various markets, including aerospace, automotive, and packaging, generating €7.2 billion in revenue in 2023 [5].