Allegheny Technologies Inc. (ATI) plans to offer a series of
senior notes. The proceeds will be used for general corporate
purposes, which may include repurchases, the repayment or
refinancing of debt, capital expenditures, and the financing of
future acquisitions or strategic combinations.
J.P. Morgan Securities
LLC and Merrill Lynch, Pierce, Fenner & Smith Inc. are the
joint book-running managers for the proposed offering, which is
subject to market and other conditions, the Pittsburg-based
company said July 9.
The specialty metals producer said it has generated revenue
of about $4.9 billion over the past 12 months.