Constellium announces consent solicitation to amend notes of Wise Metals

AMSTERDAM, Oct. 10, 2014 /PRNewswire/ -- Constellium N.V. (NYSE and NYSE Euronext: CSTM) ("Constellium") today announced that it has commenced consent solicitations with respect to proposed amendments to the indentures governing Wise Metals Group LLC (the "Company") and Wise Alloys Finance Corporation's ("Wise Finance", and, together with the Company, the "Opco Note Issuers") 8^3/4% Senior Secured Notes due 2018 (the "Opco Notes") and Wise Metals Intermediate Holdings LLC ("Wise Intermediate Holdings") and Wise Holdings Finance Corporation's ("Finco, and, together with Wise Intermediate Holdings, the "Holdco Note Issuers"; and, together with the Opco Note Issuers, the "Note Issuers") 9^3/4 / 10^1/2% Senior PIK Toggle Notes due 2019 (the "Holdco Notes", and, together with the Opco Notes, the "Notes"), upon the terms and subject to the conditions set forth in the Consent Solicitation Statement, dated October 10, 2014 (the "Statement"). Additional details regarding the Notes are set forth in the table below.

Issuance of Notes

CUSIP

Outstanding Principal Amount

Opco Notes

977255AD0 144A

$650,000,000.00

U97076AB6 Reg S

Holdco Notes

97725RAA8 144A

$150,000,000.00

U97069AA3 Reg S

Constellium, on behalf of the Note Issuers, is soliciting consents from holders of record of each issuance of Notes as of 5:00 P.M., New York City time, on October 9, 2014 to certain proposed amendments (the "Proposed Amendments") to each of the indentures governing the Notes (the "Indentures"). Subject to the terms and conditions set forth in the Statement, Constellium will pay, on behalf of and as agent for the Note Issuers, eligible holders who validly deliver and do not revoke their consents on or prior to 5:00 P.M., New York City time, on October 17, 2014, as may be extended by Constellium with respect to one or more issuances of the Notes in accordance with the Statement (the "Expiration Date"), a cash payment equal to $2.50 per $1,000 aggregate principal amount of each issuance of Notes consented (the "Consent Fee"). The Consent Fee will only be payable upon and subject to the occurrence of, among other things, the receipt of the Requisite Consents (as defined below) with respect to an issuance of Notes and the consummation of the Transaction (as defined below).