Allegheny Technologies Announces Pricing of $285.0 Million Convertible Notes Offering

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Jun 18, 2020
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Allegheny Technologies Incorporated (NYSE: ATI) announced today the pricing of $285.0 million aggregate principal amount of 3.5% Convertible Senior Notes due 2025 (the “Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”). ATI also granted the initial purchasers of the Notes a 13-day option to purchase up to an additional $40.0 million aggregate principal amount of the Notes.