Constellium : Constellium Announces Pricing of Initial Public Offering
ERRATUM: please note that the Class A Ordinary Shares are expected to begin
trading onMay 23, 2013 on the New York Stock Exchange under the symbol "CSTM"
and on or about May 27, 2013 on NYSE Euronext Paris under the symbol "CSTM".
New York, May 22, 2013 - Constellium N.V. (NYSE: CSTM) ("Constellium" or the
"Company") announced today the pricing of its initial public offering of
22,222,222 Class A Ordinary Shares at a price of $ 15.00 per share. The Class
A Ordinary Shares are expected to begin trading on May 23, 2013 on the New
York Stock Exchange under the symbol "CSTM" and on or about May 27, 2013 on
NYSE Euronext Paris under the symbol "CSTM". The offering is expected to close
on or about May 29, 2013, subject to customary closing conditions.
Constellium is offering 13,333,333 Class A Ordinary Shares and the selling
shareholders are offering a total of 8,888,889 Class A Ordinary Shares (of
which 5,037,037 shares are being sold by affiliates of Apollo Global
Management, LLC (NYSE:APO)and 3,851,852 shares are being sold by affiliates of
Rio Tinto Plc).
The underwriters of the offering have a 30-day option to purchase up to an
additional 3,333,333 Class A Ordinary Shares from Constellium at the initial
public offering price, less underwriting discounts and commissions, to cover
over-allotments, if any.
Goldman, Sachs & Co., Deutsche Bank Securities Inc., J.P. Morgan Securities
LLC, Barclays Capital Inc., Credit Suisse Securities (USA) LLC, Morgan Stanley
& Co. LLC, BNP Paribas Securities Corp., UBS Securities LLC, Citigroup Global
Markets Inc., HSBC Securities (USA) Inc., SG Americas Securities, LLC and
Lazard Capital Markets LLC are acting as joint book runners for the offering,
and Apollo Global Securities, LLC, Moelis & Company LLC, Rothschild Inc. and
Davenport & Company LLC are acting as co-managers for the offering.
The registration statement relating to the securities has been filed with and
declared effective by the U.S. Securities and Exchange Commission. The
offering is being made only by means of a prospectus. When available, a copy
of the final prospectus relating to the offering may be obtained by
contacting: Goldman, Sachs & Co., Prospectus Department, 200 West Street, New
York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by email
at firstname.lastname@example.org; Deutsche Bank Securities Inc., Prospectus
Group, 60 Wall Street, New York, NY 10005, telephone: 1-800-503-4611 or by
email at email@example.com; or J.P. Morgan Securities LLC, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone
This press release does not constitute an offer to sell or a solicitation of
an offer to buy any securities, nor shall there be any sale of these
securities in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
In relation to each member state of the European Economic Area which has
implemented the 2003/ 71/EC directive as amended (the "Prospectus Directive")
(each a "Relevant Member State"), an offer to the public of the ordinary
shares offered in the offering has not been made and will not be made in that
Relevant Member State, except that an offer in that Relevant Member State of
the ordinary shares may be made at any time to any legal entity which is a
qualified investor as defined in the Prospectus Directive, if the qualified
investor prospectus exemption has been implemented in that Relevant Member
State and provided that no such offer shall result in a requirement for the
publication of a prospectus in that Member State.
The securities offered in the offering have not been and will not offered or
sold to the public in France. NYSE Euronext Paris has approved the listing and
admission to trading of the Class A Ordinary Shares on the professional
segment of NYSE Euronext Paris. A European listing prospectus has been
approved by the Dutch Autoriteit Financiële Markten (the "AFM") and notified
to the French Autorité des Marchés Financiers (the "AMF"). A prospectus
supplement will be submitted for approval to the AFM and will have to be
notified to the AMF prior to the commencement of trading on NYSE Euronext
Constellium is a global sector leader that develops innovative, value added
aluminum products and solutions for a broad scope of markets and applications,
including aerospace, automotive, packaging and industry. With around 8,900
employees Constellium generated €3.61 billion of revenue in 2012.
Phone: +33 (0)1 73 01 46 13
Investor relations Europe
Phone: +33 (0)1 73 01 41 05
Media relations Constellium Corporate
Phone: +33 (0)1 80 50 53 11
Hill+Knowlton Strategies (Media & Investors)
Phone: +1 (212) 885 0682
Constellium Announces pricing of IPO
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information contained therein.
Source: Constellium via Thomson Reuters ONE
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