Ati issues 5.875% $350 million senior notes due 2027

Ati issues 5.875% $350 million senior notes due 2027.allegheny technologies inc - recently announced that it issued $350 million of new senior unsecured notes at a 5.875% interest rate due in dec 2027.allegheny technologies-will use proceeds of 2027 notes to redeem all outstanding $500 million of 5.95% senior unsecured notes due jan 2021 on dec 23, 2019.allegheny technologies-combined, the actions reduce ati's debt by $150 million, are expected to reduce annual interest expense by $9 million beginning in 2020.allegheny technologies inc - will recognize a debt extinguishment charge of about $21 million in q4 2019 related to 2021 notes redemption.
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