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DEBT (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of debt instruments

		At December 31,
		2024								2023
(in millions of U.S. dollar)		Nominal Value in Currency	Nominal rate	Effective rate	Face Value	Debt issuance costs	Accrued interest	Carrying value		Carrying value
Secured Pan-U.S. ABL (due 2029) (A)		$55	Floating	6.53%	55	—	1	56		—
Senior Unsecured Notes					—	—	—	—
Issued November 2017 and due 2026 (B)		$250	5.875%	6.26%	—	—	—	—		254
Issued November 2017 and due 2026 (B)		€400	4.250%	4.57%	—	—	—	—		447
Issued June 2020 and due 2028		$325	5.625%	6.05%	325	(3)	1	323		322
Issued February 2021 and due 2029		$500	3.750%	4.05%	500	(4)	4	500		499
Issued June 2021 and due 2029		€300	3.125%	3.41%	312	(3)	4	313		332
Issued August 2024 and due 2032 (C)		$350	6.375%	6.77%	350	(6)	9	353		—
Issued August 2024 and due 2032 (C)		€300	5.375%	5.73%	312	(5)	6	313		—
Finance lease liabilities					30	—	—	30		34
Other loans (D)					30	—	—	30		41
Total debt					1,914	(21)	25	1,918		1,929
Of which non-current								1,879		1,888
Of which current (E)								39		41

(A)For the year ended December 31, 2024, the net change in revolving credit facilities and short-term debt included mainly $55 million of

proceeds under the Pan-U.S. ABL.

(B)In August 2024, Constellium SE redeemed the $250 million 5.875% Senior Notes due 2026 and the €400 million 4.250% Senior Notes

due 2026. For the year ended December 31, 2023, repayments of long-term debt included the redemption of $50 million out of the

$300 million outstanding aggregate principal amount of the 5.875% Senior Notes due 2026 on July 20, 2023.

(C)In August 2024, Constellium SE issued a $350 million 6.375% Senior Note and a €300 million 5.375% Senior Note, both due 2032. For

the year ended December 31, 2024, payment of debt issuance costs included the arrangement fees related to the August 2024 Senior

Notes issuance for $12 million.

(D)Other loans include $25 million of financial liabilities relating to the sale and leaseback of assets that were considered to be financing

arrangements in substance.

(E)Current portion of debt include mainly accrued interest and current portions of finance leases and other long-term loans relating to the

sale and leaseback of assets.

Schedule of future repayment of borrowings

Principal repayments requirements for debt over the next five years and thereafter, excluding finance leases which are

disclosed in Note 12 - Leases, are as follows:

(in millions of U.S. dollar)		At December 31, 2024
Year ending
2025		6
2026		4
2027		4
2028		328
2029		869
Thereafter		672
Total undiscounted cash flows		1,883

X

- References

No definition available.

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X

- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

+ References

No definition available.

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X

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Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

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