Constellium wraps $400 million credit facility for Wise Metals buy

By Sara Rosenberg

New York, Jan. 28 – Constellium NV got a $400 million credit facility to help fund its acquisition of Wise Metals Intermediate Holdings LLC, according to a news release.

GE Capital Markets served as lead arranger and joint bookrunner on the deal.

Under the agreement, Constellium purchased Wise for $1.4 billion, consisting of $455 million in cash and $945 million in the assumption of Wise’s existing debt.

Closing is subject to customary conditions and regulatory approvals.

Constellium is a Netherlands-based developer of aluminum products. Wise is a Muscle Shoals, Ala.-based aluminum sheet producer.

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