Loan & DebtJun 3, 2026, 05:16 PM
ATI Prices $450M of 5.875% Senior Notes Due 2033
AI Summary
ATI Inc. announced the pricing of its public offering of $450 million aggregate principal amount of 5.875% Senior Notes due 2033. These notes will pay interest semi-annually and mature on June 15, 2033. The company intends to use approximately $350 million of the net proceeds to redeem all of its outstanding 5.875% Senior Notes due 2027, with any remaining proceeds allocated for general corporate purposes.
Key Highlights
- ATI priced $450 million aggregate principal amount of 5.875% Senior Notes.
- The Senior Notes are due to mature on June 15, 2033.
- Approximately $350 million of the net proceeds will be used to redeem outstanding 5.875% Senior Notes due 2027.
- Any remaining net proceeds will be used for general corporate purposes.
- Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are joint book-running managers for the offering.
Price Impact
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