ATS (ATS) said late Monday it has upsized a private offering of 6.5% senior unsecured notes due 2032 to CA$200 million ($140 million) from the initial target size of CA$150 million.
The company will issue the notes at a price of 100.625% of their face value, it said, adding that the notes will form part of the same series with the CA$400 million principal amount of 6.50% senior unsecured notes due 2032 issued in August.
ATS said it plans to use the net proceeds to pay outstanding amounts owed under the revolving credit line available under its senior syndicated credit facility.
The offering is expected to close around Thursday, the company said.
ATS shares were down 2.6% in recent Tuesday premarket activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.