Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 28-05-2014 | Practice Area: | Debt Capital Markets |
| Deal Title: | Constellium N.V. High-Yield Bond Issuance | Industry: | Industrial Metals and Mining |
| Description: |
The international law firm Clifford Chance advised the Constellium group, the global leader of aluminium products, in the context of its refinancing, constituting of a private offering of two high yield bonds, in Euros and US Dollars, and a revolving credit facility, for a total amount of more than EUR 700 million.
In May 2014, Constellium N.V. completed its bond issuance, benefiting from guarantees granted by certain of its subsidiaries, comprising of:
1. EUR 300 million senior unsecured notes maturing in 2021, at a rate of 4.625% per annum; and
2. USD 400 million senior unsecured notes maturing in 2024, at a rate of 5.75% per annum.
In parallel, Constellium has been granted an unsecured EUR 120 million revolving credit facility, bringing the total amount of the refinancing to more than EUR 700 million.
Clifford Chance advised Constellium N.V. on all French, German and Czech legal aspects in the context of this transaction. The team was led by Daniel Zerbib (Partner), assisted by Julien Rocherieux (Counsel), Alice Latour and Roy Charles Bates in Paris, Arne Kluwer (Partner), Mortimer Berlet and Stefan Bruder in Frankfurt, and Vladimir Rylich and Dominik Vojta in Prague.
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| Financial Center: | Paris | Value: | 500.01-1000.00 |
| Advised Party: | Issuer | Law Firm | Clifford Chance |
| Issuer | France | Listing | France |
| Classification: |
High-Yield Bonds |
Lawyer | Daniel Zerbib |
