Constellium (CSTM) has released an update.
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Constellium SE, a global leader in innovative aluminium products, announced the pricing of its dual currency Notes Offering totaling €300 million and $350 million, due 2032, with interest rates of 5.375% and 6.375% respectively. The proceeds from this offering, slated to close on August 8, 2024, will be used to redeem the company’s existing senior notes due 2026. This strategic financial move underscores Constellium’s commitment to optimizing its debt structure and enhancing its financial flexibility.
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