Constellium tenders for any and all of Wise’s 9¾/10½% notes due 2019

By Jennifer Chiou

New York, Jan. 7 – Constellium NV announced the start of its cash tender offer for any and all of the 9¾/10½% senior pay-in-kind toggle notes due 2019 issued by Wise Metals Intermediate Holdings LLC and Wise Holdings Finance Corp.

The offer is in connection with Constellium’s previously announced acquisition of Wise Metals, according to a news release.

The company is offering $1,010 for each $1,000 principal amount of tendered notes, plus accrued interest.

The acquisition is resulting in a change of control under the note indenture, thus requiring the offer to purchase the notes at 101 plus accrued interest, the release stated.

The offer will end at 5 p.m. ET on Feb. 6.

The information and tender agent is D.F. King and Co., Inc. (212 269-5550 for banks and brokers only or 866 829-1035).

Constellium is an Amsterdam-based developer of value added aluminum products for markets, including aerospace, automotive and packaging.

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