Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
ATI INC incurred revolving credit of $600 million revolving credit facility with PNC Bank, National Association, as Agent at interest rate spreads based on available borrowing capacity that range between 1 maturing June 13, 2030.
- Instrument
- revolving credit
- Principal
- $600 million revolving credit facility
- Counterparty
- PNC Bank, National Association, as Agent
- Rate
- interest rate spreads based on available borrowing capacity that range between 1
- Maturity
- June 13, 2030
- Event
- incurrence
Exact text from the filing
The Credit Agreement extends through June 13, 2030 and includes (a) a $200 million term loan (the “Term Loan”) and (b) a $600 million revolving credit facility (the “Revolving Credit Facility”).
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
ATI INC incurred credit facility of aggregate amount of $100 million with PNC Bank, National Association, as Agent at SOFR-based rate or the base rate plus 2%.
- Instrument
- credit facility
- Principal
- aggregate amount of $100 million
- Counterparty
- PNC Bank, National Association, as Agent
- Rate
- SOFR-based rate or the base rate plus 2%
- Event
- incurrence
Exact text from the filing
Additionally, the Credit Agreement provides that one or more of the Borrowers may borrow additional term loans (each, a “Delayed Draw Term Loan”) of at least $25 million up to an aggregate amount of $100 million until the earlier of (a) the date on which $100 million in aggregate Delayed Draw Term Loans has been advanced or (ii) June 13, 2026.
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
ATI INC incurred credit facility of $200 million term loan with PNC Bank, National Association, as Agent at SOFR-based rate or the base rate plus 2% maturing June 13, 2030.
- Instrument
- credit facility
- Principal
- $200 million term loan
- Counterparty
- PNC Bank, National Association, as Agent
- Rate
- SOFR-based rate or the base rate plus 2%
- Maturity
- June 13, 2030
- Event
- incurrence
Exact text from the filing
The Credit Agreement amends and restates the First Amendment and Restated Revolving Credit, Term Loan and Security Agreement, dated as of September 30, 2019, by and among the Loan Parties, the Agent and the lenders party thereto, as amended. The Credit Agreement extends through June 13, 2030 and includes (a) a $200 million term loan (the “Term Loan”) and (b) a $600 million revolving credit facility (the “Revolving Credit Facility”).
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