Related Issuers
by Stephen Carter
Jul 24, 2024 5:59 AM ET
Constellium SE (CSTM) approx. US$675m (US$/EUR) 144A/Reg S sr notes 2-part. Existing Ba3/BB-. No reg rights. CoC at 101.
- US$350m due 2032 (8y). NC3. Equity claw: 3y 40%. Via DB/WFS/BNP/GS/Barc/FITB/Citi/JPM/TSI/BMO jt books, Ramirez, BofA, PNC, Santander as co-managers. IPT: 6.50%-6.75%.
- EUR300m due 2032 (8y). NC3. Equity claw: 3y 40%. Via DB/BNP/SocGen/WFS/GS/Barc/IMI/Citi jt books, Ramirez, BofA, PNC, Santander as co-managers. IPT: 5.50% area.
Investor call at 10am NYT 07/24. Pricing 07/25. UOP: along with cash on hand, to redeem its US$250m 5.875% sr notes due 02/15/26 (callable at 100) and EUR400m 4.25% sr notes due 02/15/26 (callable at 100). Biz: a global leader in the development and manufacture of high value-added aluminium products and solutions, and in aluminum recycling. HQ: Paris, France. Netroadshow - https://www.netroadshow.com/ev...;confId=69016.