2013-06-24 22:19:04 -
Amsterdam, 24 June, 2013 - Constellium N.V. (NYSE and NYSE Euronext:CSTM) today
announced that the underwriters of its recently announced public offering have
exercised their over-allotment option to purchase an additional 2,251,306 Class
A Ordinary shares at a public offering price of $15.00 per share less the
underwriting discount. The exercise of the over-allotment option brings the
total number of Class A Ordinary Shares sold in this offering to 24,473,528.
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 acted as joint book runners for the offering, and Apollo Global
Securities, LLC, Moelis & Company LLC, Rothschild Inc. and Davenport & Company
LLC acted as co-managers for the offering.
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.
Constellium (NYSE and NYSE Euronext: CSTM) is a global sector leader that
develops innovative, value added aluminum products for a broad scope of markets
and applications, including aerospace, automotive and packaging. With
approximately 8,900 employees, Constellium generated €3.61 billion of revenue in
Certain statements contained in this press release may constitute forward-
looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995. This press release may contain "forward-looking statements"
with respect to our business, results of operations and financial condition, and
our expectations or beliefs concerning future events and conditions. You can
identify certain forward-looking statements because they contain words such as,
but not limited to, "believes," "expects," "may,"
"anticipates," "estimates," "intends," "plans,"
"targets," "likely," "will,"
"would," "could" and similar expressions (or the negative of these
or expressions). All forward-looking statements involve risks and uncertainties.
Many risks and uncertainties are inherent in our industry and markets. Others
are more specific to our business and operations. The occurrence of the events
described and the achievement of the expected results depend on many events,
some or all of which are not predictable or within our control. Actual results
may differ materially from the forward-looking statements contained in this
All forward-looking statements in this press release and subsequent written and
oral forward-looking statements attributable to us, or persons acting on our
behalf, are expressly qualified in their entirety by the cautionary statements.
Some of the factors that we believe could materially affect our results include:
(a) our ability to implement our business strategy, including our productivity
and cost reduction initiatives; (b) our susceptibility to cyclical fluctuations
in the metals industry, our end-markets and our customers' industries, and
changes in general economic conditions; (c) the highly competitive nature of the
metals industry and the risk that aluminum will become less competitive compared
to alternative materials; (d) the possibility of unplanned business
interruptions and equipment failure; e)adverse conditions and disruptions in
European economies; (f) the risk associated with being dependent on a limited
number of suppliers for a substantial portion of our primary and scrap aluminum;
(g) the risk that we may be required to bear increases in operating costs under
our multi-year contracts with customers, or certain fixed costs in the event of
early termination of contracts; (h) competition and consolidation in the
industries in which we operate; (i) our ability to maintain and continuously
improve our information technology and operational systems and financial
reporting and internal controls; (j) our ability to manage our labor costs and
labor relations and attract and retain qualified employees; (k) the risk that
regulation and litigation pose to our business, including our ability to
maintain required licenses and regulatory approvals and comply with applicable
laws and regulations, and the effects of potential changes in governmental
regulations; (l) risk associated with our global operations, including natural
disasters and currency fluctuations; (m) changes in our effective income tax
rate or accounting standards; (n) costs or liabilities associated with
environmental, health and safety matters; and (o) the other factors presented
under the heading "Risk Factors" in our Form F-1 filed with the U.S. Securities
and Exchange Commission.
We caution you that the foregoing list of important factors may not contain all
of the material factors that are important to you. In addition, in light of
these risks and uncertainties, the matters referred to in the forward-looking
statements contained in this press release may not in fact occur. We undertake
no obligation to publicly update or revise any forward-looking statement as a
result of new information, future events or otherwise, except as required by
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 0402
Constellium announces exercise of over-allotment option:
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Source: Constellium via Thomson Reuters ONE