Report

Constellium : Focus Emission

Constellium s’apprête à émettre deux nouvelles souches obligataires unsecured de 450 m USD et 400 m EUR et de maturité 2026. En parallèle, le groupe vient de réaliser une augmentation de capital via l’émission de 25 000 000 actions nouvelles à un prix de 11 USD par action, disposant d’une option de surallocation de 3 750 000 actions. Le produit des deux émissions obligataires et de l’augmentation de capital vise à rembourser par anticipation les souches : 1) secured 7.875% 2021 de 425 m USD ; 2) unsecured 7.00% 2023 de 240 m EUR et 3) unsecured 8.00% 2023 de 400 m USD.>
Underlying
Constellium SE Class A

Constellium N.V. designs and manufactures a range of innovative specialty rolled and extruded aluminum products, serving primarily the aerospace, packaging and automotive end-markets. Co. has a strategic footprint of manufacturing facilities located in the United States, Europe and China. Co.'s product portfolio commands higher margins as compared to less differentiated, more commoditized fabricated aluminum products, such as common alloy coils, paintstock, foilstock and soft alloys for construction and distribution. Co. organizes its business around three operating segments: Aerospace & Transportation, Packaging & Automotive Rolled Products, and Automotive Structures & Industry.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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