ATI prices $450 million senior notes offering due 2033

ATI Inc. (NYSE: ATI) announced it has priced a public offering of $450 million in senior notes. The 5.875% Senior Notes due 2033 will pay interest semi-annually and mature on June 15, 2033, unless redeemed earlier.

The company plans to use approximately $350 million of the net proceeds to redeem all outstanding 5.875% Senior Notes due 2027. Remaining proceeds will be allocated to general corporate purposes.

Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC serve as joint book-running managers and co-global coordinators for the offering. The notes are being offered through an effective shelf registration statement.

ATI produces high-performance materials and solutions for aerospace, defense, electronics, medical and specialty energy markets. The company is based in Dallas.

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