Constellium gets no tenders in offer for Wise’s 9¾/10½% notes due 2019

By Susanna Moon

Chicago, Feb. 9 – Constellium NV said no notes were tendered in the offer for the 9¾/10½% senior pay-in-kind toggle notes due 2019 issued by Wise Metals Intermediate Holdings LLC and Wise Holdings Finance Corp.

The purchase price would have been $1,010 for each $1,000 principal amount plus accrued interest.

The offer was in connection with Constellium’s acquisition of Wise Metals, which resulted in a change of control under the notes indenture and required the company to offer to purchase the notes at 101 plus accrued interest, according to a previous press release.

The offer ended at 5 p.m. ET on Feb. 6. The offer began Jan. 7.

The information and tender agent was 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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