Actionable news
0
All posts from Actionable news
Actionable news in ATI: ALLEGHENY TECHNOLOGIES,

Allegheny Technologies Announces Proposed Convertible Senior Notes Offering

PITTSBURGH, May 17, 2016 (BUSINESS WIRE) -- Allegheny Technologies Incorporated ATI, +0.00% announced today its intention to offer, subject to market and other conditions, a series of convertible senior notes. The offering will be made pursuant to the Company’s effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”) on May 15, 2015.

ATI intends to use the net proceeds from the offering for general corporate purposes, which may include voluntary or required contributions to the Company’s defined benefit pension trust or repurchases, repayment or refinancing of debt.

Citigroup, J.P. Morgan and BofA Merrill Lynch are the joint book-running managers for the offering.

This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of any of the convertible senior notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. A registration statement relating to the convertible senior notes has been filed with the SEC.

Copies of the prospectus and preliminary prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended, may be obtained from Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone (800) 831-9146 or email prospectus@citi.com, J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions...


More