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Constellium tenders for all 6 5/8% senior notes due 2025
By Rebecca Melvin
New York, Feb. 9 – Constellium SE announced it is offering to purchase all of its outstanding 6 5/8% senior notes due 2025 using proceeds from a new offering of notes and cash on hand, according to a purchase offer dated Feb. 9.
Holders who tender before 5 p.m. ET on Feb. 19 will be eligible to receive $1,018.25 per $1,000 principal amount of notes plus accrued and unpaid interest.
Deutsche Bank Securities Inc. is the dealer manager for the tender, and D.F. King & Co. Inc. is tender agent and information agent.
The tender is expected to settle on Feb. 24.
The company said that it also plans to price about $500 million of sustainability-linked senior notes due 2028, subject to market conditions.
The company also called for redemption, subject to the consummation of the financing transaction, all the outstanding notes. The redemption price is 101.656 of the principal amount of notes plus interest, and the redemption date is set on March 11.
The aluminum products company based in Amsterdam.
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