Constellium readies launch of $360 million term loan for Wednesday

By Sara Rosenberg

New York, Feb. 25 - Constellium Holdco BV is scheduled to hold a bank meeting on Wednesday afternoon to launch a $360 million seven-year term loan, according to a market source.

In addition, the company is getting a €75 million seven-year term loan, the source said.

Deutsche Bank Securities Inc., Goldman Sachs & Co. and BNP Paribas Securities Corp. are the lead banks on the deal.

Proceeds will be used to refinance existing debt and pay a dividend.

Constellium is a Paris-based designer and manufacturer of aluminum products and components.

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