Upgraded Constellium eyes €590m bond, €120m loan

By Jon Hay
24 Apr 2014

Constellium, the aluminium products company spun out of Rio Tinto in 2011, has announced a roadshow for a €590m-equivalent high yield bond issue, and also aims to obtain a €120m loan.

The senior unsecured 144A bond will comprise a seven year non-call three euro tranche and a 10 year non-call five in dollars. The split has not been decided.

Moody's upgraded Constellium from B1 to Ba3 (stable) on April 24. It had upgraded Constellium’s corporate family rating from B2 ...

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