ATI amends credit agreement, extends maturity to Sept 2027 with $200M term loan and $600M revolver

ATI INC

Added $200M term loan and $600M revolving credit facility with $200M LC sub-facility and $50M swing line.
Maturity extended to September 9, 2027; borrowing base based on eligible inventory and receivables.
SOFR spreads 1.25%-1.75%, base rate spreads 0.25%-0.75% depending on borrowing capacity.
Fixed charge coverage ratio >=1.00x required if undrawn availability <10% of max or <$60M.
Minimum liquidity required 90 days before maturity of 3.50% 2025 notes and 6.95% 2025 debentures.

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