ATI Plans Seven-Year Senior Notes Offering to Redeem 2027 Debt
ATI•ATI Inc. intends to issue seven-year senior notes and use net proceeds to redeem its outstanding 5.875% senior notes due 2027. Any surplus proceeds will fund general corporate purposes, with Goldman Sachs and J.P. Morgan acting as joint book-running managers.
1. Offering Details
ATI Inc. has announced an intent to offer seven-year senior notes, subject to market conditions and registration requirements.
2. Use of Proceeds
Net proceeds will be used to redeem all outstanding 5.875% senior notes due 2027, with any remaining funds allocated to general corporate purposes.
3. Underwriting and Structure
Goldman Sachs and J.P. Morgan are serving as joint book-running managers and global coordinators, and the offering is made under an effective shelf registration.
