Key Developments: Allegheny Technologies Inc (ATI)

ATI on New York Consolidated

41.24USD
17 Apr 2014
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Latest Key Developments (Source: Significant Developments)

Allegheny Technologies Inc Completes Senior Notes Offering-Form 8-K
Friday, 12 Jul 2013 04:31pm EDT 

Allegheny Technologies Inc reported in its Form 8-K that on July 12, 2013, Allegheny Technologies Incorporated (Company) completed its offering and sale of $500.0 million aggregate principal amount of the Company’s 5.875% Senior Notes due 2023. The offering and sale of the Senior Notes were made pursuant to the Company’s shelf registration statement filed with the Securities and Exchange Commission (SEC). The Senior Notes were issued pursuant to the Indenture, dated June 1, 2009, between the Company and The Bank of New York Mellon, as trustee (Trustee), as supplemented by the Fourth Supplemental Indenture, dated July 12, 2013, between the Company and the Trustee. The Senior Notes will accrue interest at the rate of 5.875% per annum, subject to adjustment on the terms set forth in the Indenture, and be payable in cash semi-annually in arrears on each February 15 and August 15, commencing February 15, 2014. The Senior Notes will mature on August 15, 2023. The Company may redeem the Senior Notes at any time and from time to time prior to May 15, 2023, in whole or in part, by paying a make-whole premium. On and after such date, the Company may redeem the Senior Notes, in whole or in part, at a price equal to the principal amount of the Senior Notes to be redeemed plus any accrued and unpaid interest to, but excluding, the redemption date.  Full Article

Allegheny Technologies Inc Announces Pricing Of Senior Notes Offering
Tuesday, 9 Jul 2013 02:28pm EDT 

Allegheny Technologies Inc announced that it has priced its public offering of senior notes. The offering is being made pursuant to the Company`s effective shelf registration statement filed with the Securities and Exchange Commission (the SEC). ATI has agreed to sell $500.0 million aggregate principal amount of 5.875% Senior Notes due 2023 (the Senior Notes). The Senior Notes will pay interest semi-annually in arrears at a rate of 5.875% per year and will mature on August 15, 2023, unless earlier redeemed or repurchased. ATI intends to use the net proceeds from the senior notes offering for general corporate purposes, which may include repurchases, repayment or refinancing of debt, capital expenditures, additions to working capital, the financing of future acquisitions or strategic combinations. J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated are the joint book-running managers for the offering.  Full Article

Allegheny Technologies Inc Announces Proposed Senior Notes Offering
Tuesday, 9 Jul 2013 09:05am EDT 

Allegheny Technologies Inc announced its intention to offer a series of 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 30, 2012. ATI intends to use the net proceeds from the offering for general corporate purposes, which may include repurchases, repayment or refinancing of debt, capital expenditures, additions to working capital, the financing of future acquisitions or strategic combinations. J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated are the joint book-running managers for the offering.  Full Article

Allegheny Technologies Inc Declares Quarterly Dividend
Thursday, 2 May 2013 10:50am EDT 

Allegheny Technologies Inc announced that its Board of Directors declared a quarterly cash dividend of $0.18 per share of common stock. The dividend is payable on June 19, 2013 to stockholders of record at the close of business on May 22, 2013.  Full Article

Allegheny Technologies Inc Issues Q1 2013 Guidance; Earnings Guidance Below Analysts' Estimates
Tuesday, 16 Apr 2013 08:15am EDT 

Allegheny Technologies Inc announced that it expects first quarter 2013 net income to be approximately $10 million, or $0.09 per share, on sales of approximately $1.18 billion. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $1.19 billion, net income of $29 million and EPS of $0.23 for the first quarter 2013.  Full Article

Allegheny Technologies Inc Declares Quarterly Dividend
Thursday, 28 Feb 2013 11:27am EST 

Allegheny Technologies Inc announced that Board of Directors declared a quarterly cash dividend of $0.18 per share of common stock. The dividend is payable on March 27, 2013 to stockholders of record at the close of business on March 13, 2013.  Full Article

Allegheny Technologies Inc Declares Quarterly Dividend
Thursday, 6 Dec 2012 11:22am EST 

Allegheny Technologies Inc announced that its Board of Directors declared a quarterly cash dividend of $0.18 per share of common stock. The dividend is payable on December 28, 2012 to stockholders of record at the close of business on December 17, 2012.  Full Article

Allegheny Technologies Inc Declares Quarterly Dividend
Friday, 7 Sep 2012 11:24am EDT 

Allegheny Technologies Inc announced that its Board of Directors declared a quarterly cash dividend of $0.18 per share of common stock. The dividend is payable on September 28, 2012 to stockholders of record at the close of business on September 19, 2012.  Full Article

Allegheny Technologies Inc. Lowers FY 2012 Revenue Guidance
Wednesday, 25 Jul 2012 07:35am EDT 

Allegheny Technologies Inc. announced that for fiscal 2012, it expects sales to be approximately $5.3 to $5.4 billion. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $5.60 billion for fiscal 2012.  Full Article

Goodrich Corporation To Use Allegheny Technologies Incorporated's Thin Titanium Product For Aerospace Application
Wednesday, 6 Jun 2012 09:00am EDT 

Allegheny Technologies Incorporated announced that its thin titanium Precision Rolled Strip product was selected by the Sensors and Integrated Systems Division of the Goodrich Corporation, for use in heated floor panels for commercial aircraft. The Company's product is Grade 2 titanium rolled to 0.012 inches (0.305 mm) thin by 42 inches (1067 mm) wide.  Full Article

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Obama argues healthcare law is working, rejects Republican criticism

WASHINGTON - President Barack Obama mounted a vigorous effort on Thursday to show his signature healthcare law is working and dismissed Republican critics who are using flaws in Obamacare to campaign for ousting Democrats from the U.S. Congress in November. | Video

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