secwatch.observer — SEC 8-K summary
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Issuer:     ATI INC (ATI)
CIK:        0001018963
Form:       8-K
Filed at:   2022-09-09T23:59:59+00:00
Accession:  0001193125-22-241983
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1018963/000119312522241983/0001193125-22-241983-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1018963/000119312522241983/d400252d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-241983

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