debt
confidence high
sentiment neutral
materiality 0.55
ATI prices $450M 5.875% Senior Notes due 2033; will redeem 2027 notes
ATI INC
- Priced $450M aggregate principal of 5.875% Senior Notes due June 15, 2033.
- Net proceeds of ~$350M to redeem all outstanding 5.875% Senior Notes due 2027; remainder for general corporate.
- Goldman Sachs and J.P. Morgan are joint book-running managers for the offering.
- Offering made under effective shelf registration statement; prospectus supplement available.