ATI announces proposed seven-year senior notes offering

ATI Inc. (NYSE: ATI) announced its intention to offer seven-year senior notes, subject to market and other conditions, according to a company statement.

The Dallas-based company plans to use net proceeds from the offering to redeem all outstanding 5.875% Senior Notes due 2027. Any remaining proceeds will be used for general corporate purposes.

Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are serving as joint book-running managers and co-global coordinators for the offering.

The offering is being conducted under an effective shelf registration statement and will be made only through a prospectus supplement and accompanying prospectus. The company noted this announcement does not constitute a notice of redemption for the 2027 notes.

ATI is a global producer of high-performance materials and solutions for aerospace, defense, electronics, medical and specialty energy markets.

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