Constellium Announces Completion of the Redemption of Wise's 9¾% / 10½% Senior PIK Toggle Notes due 2019
December 05 2016 - 5:45PM
PR Newswire (US)
AMSTERDAM, Dec. 5, 2016 /PRNewswire/ -- Constellium N.V.
(NYSE and Euronext: CSTM) today announced that its
subsidiaries, Wise Metals Intermediate Holdings LLC and Wise
Holdings Finance Corporation, completed the redemption of all their
9¾% / 10½% Senior PIK Toggle Notes due 2019 (the "Notes") pursuant
to the terms of the indenture governing the Notes. The
redemption price for the Notes was approximately $173 million, including accrued and unpaid
interest and was paid with cash on hand.
About Constellium
Constellium (NYSE and Euronext: CSTM) is a global sector leader
that develops innovative, value added aluminium products for a
broad scope of markets and applications, including aerospace,
automotive and packaging. Constellium generated €5.2 billion of
revenue in 2015.
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