01:51 PM EDT, 07/25/2024 (MT Newswires) -- Constellium (CSTM) priced private offerings of senior unsecured notes of 300 million euros ($325.9 million) and $350 million, both due 2032.

The euro notes will have a 5.375% annual interest rate with the dollar notes at 6.375%, both paid semiannually in arrears with possible adjustments, the company said Thursday in a statement.

The offering is expected to close on Aug. 8.

Proceeds will be used to redeem the company's outstanding 5.875% senior notes and 4.25% senior notes, both due 2026, the company said. Aug. 26 is the expected redemption date.

Price: 17.42, Change: -0.03, Percent Change: -0.17