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ATI planning to offer senior notes

Keywords: Tags  ATI, Allegheny Technologies, senior notes, acquisitions, refinancing, debt


NEW YORK — 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.


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