{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-143715","form_type":"8-K","ticker":"ATI","cik":"0001018963","company_name":"ATI INC","filed_at":"2025-06-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.161241+00:00","generated_at":"2026-05-19T00:43:00.252861+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"ATI Inc. enters $600M revolver and $200M term loan credit agreement maturing 2030","bullets":["New $200M term loan and $600M revolving credit facility maturing June 13, 2030.","Delayed draw term loan available up to $100M through June 13, 2026; incremental capacity up to $300M.","Revolver interest at SOFR+1.25%-1.75% or base+0.25%-0.75%; term loans at SOFR+2.00% or base+2.00%.","Fixed charge coverage ratio of 1.00:1.00 triggers if undrawn availability <10% or $60M.","Amends and restates September 2019 credit agreement; includes liquidity requirements near maturities of certain senior notes."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-143715","json":"https://secwatch.observer/filing/0001193125-25-143715.json","markdown":"https://secwatch.observer/filing/0001193125-25-143715.md","text":"https://secwatch.observer/filing/0001193125-25-143715.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1018963/000119312525143715/0001193125-25-143715-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1018963/000119312525143715/d858646d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T00:43:00.252861+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"29ce6003e95c224bdcb06dc69d04ec607c21eafc","claim":"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.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1018963/000119312525143715/0001193125-25-143715-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$600 million revolving credit facility"},{"label":"Counterparty","value":"PNC Bank, National Association, as Agent"},{"label":"Rate","value":"interest rate spreads based on available borrowing capacity that range between 1"},{"label":"Maturity","value":"June 13, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"a5437ace43f0d518f40308c5e6ec1c6e0431e3c4","claim":"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%.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1018963/000119312525143715/0001193125-25-143715-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"aggregate amount of $100 million"},{"label":"Counterparty","value":"PNC Bank, National Association, as Agent"},{"label":"Rate","value":"SOFR-based rate or the base rate plus 2%"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"c6b9d399ee7ecc0a85ef9e023937eea3f84af5a3","claim":"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.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1018963/000119312525143715/0001193125-25-143715-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$200 million term loan"},{"label":"Counterparty","value":"PNC Bank, National Association, as Agent"},{"label":"Rate","value":"SOFR-based rate or the base rate plus 2%"},{"label":"Maturity","value":"June 13, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}