Constellium (CSTM) Prices Notes Offering

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 arrears. The Notes will be guaranteed on a senior unsecured basis by certain of the Company’s subsidiaries. The Notes Offering is expected to close on August 8, 2024, subject to customary closing conditions.

The Company intends to use the net proceeds of the Notes Offering, together with cash on hand, to redeem, satisfy and discharge in accordance with the governing indenture, all of its outstanding 5.875% Senior Notes due 2026 (the “U.S. 2026 Notes”) and all of its outstanding 4.250% Senior Notes due 2026 (together with the U.S. 2026 Notes, the “2026 Notes”), and to pay related fees and expenses. Substantially concurrently with the pricing of the Notes Offering, the Company called all of the outstanding 2026 Notes for redemption, subject to certain conditions (the “Redemption”).

The Company expects the redemption date for the 2026 Notes to occur on August 26, 2024 (the “Redemption Date”). The redemption price for the 2026 Notes is 100.000% of the aggregate principal amount of the outstanding 2026 Notes redeemed, plus accrued and unpaid interest, if any, to the Redemption Date. The Redemption is conditioned on the consummation of the Notes Offering.

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