secwatch.observer — SEC 8-K summary
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Issuer:     ATI INC (ATI)
CIK:        0001018963
Form:       8-K
Filed at:   2025-06-20T23:59:59+00:00
Accession:  0001193125-25-143715
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

ATI Inc. enters $600M revolver and $200M term loan credit agreement maturing 2030
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1018963/000119312525143715/0001193125-25-143715-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1018963/000119312525143715/d858646d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-143715

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