Constellium (CSTM) Prices Notes Offering

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Constellium Prices Company’s Notes Offering

July 25, 2024 12:50 PM EDT

PARIS, July 25, 2024 (GLOBE NEWSWIRE) -- Constellium SE (NYSE: CSTM) (Constellium or the Company) announced today that the Company has priced a private offering (the Notes Offering) of 300 million of euro denominated senior unsecured notes due 2032 (the Euro Notes) and $350 million of U.S. dollar denominated senior unsecured notes due 2032 (the USD Notes and together with the Euro Notes, the Notes).

The Euro Notes will bear interest at a rate of 5.375% per annum and the USD Notes will bear interest at a rate of 6.375% per annum, subject to adjustments described below, payable semiannually in... More