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| ATI > SEC Filings for ATI > Form 8-K on 29-May-2009 | All Recent SEC Filings |
29-May-2009
Entry into a Material Definitive Agreement
On May 27, 2009, Allegheny Technologies Incorporated (the "Company") executed
and delivered an underwriting agreement (the "Senior Notes Underwriting
Agreement"), by and among the Company and Citigroup Global Markets Inc. and J.P.
Morgan Securities Inc. on behalf of themselves and the other underwriters named
therein (the "Senior Notes Underwriters"), relating to the issuance and sale of
$350,000,000 aggregate principal amount of the Company's 9.375% Senior Notes due
2019 (the "Senior Notes"). The offering and sale of the Senior Notes are
expected to be completed on June 1, 2009. Under the terms of the Senior Notes
Underwriting Agreement, the Company has agreed to indemnify the Senior Notes
Underwriters against certain liabilities, including liabilities under the
Securities Act of 1933, as amended (the "Securities Act"), or to contribute
payments that the Senior Notes Underwriters may be required to make because of
any of those liabilities. The Senior Notes will be issued pursuant to a base
indenture expected to be dated as of June 1, 2009, between the Company and The
Bank of New York Mellon, N.A., as trustee, as supplemented by a supplemental
indenture expected to be dated as of June 1, 2009. A copy of the Senior Notes
Underwriting Agreement is filed herewith as Exhibit 1.1.
On May 27, 2009, the Company executed and delivered an underwriting agreement
(the "Convertible Notes Underwriting Agreement"), by and among the Company and
J.P. Morgan Securities Inc. and Citigroup Global Markets Inc. on behalf of
themselves and the other underwriters named therein (the "Convertible Notes
Underwriters"), relating to the issuance and sale of $350,000,000 aggregate
principal amount of the Company's 4.25% Convertible Senior Notes due 2014 (the
"Convertible Notes"). The Company has granted the Convertible Notes Underwriters
a 30-day option to acquire up to an additional $52,500,000 aggregate principal
amount of Convertible Notes. The offering and sale of the Convertible Notes are
expected to be completed on June 2, 2009. Under the terms of the Convertible
Notes Underwriting Agreement, the Company has agreed to indemnify the
Convertible Notes Underwriters against certain liabilities, including
liabilities under the Securities Act, or to contribute payments that the
Convertible Notes Underwriters may be required to make because of any of those
liabilities. The Convertible Notes will be issued pursuant to a base indenture
expected to be dated as of June 1, 2009, between the Company and The Bank of New
York Mellon, N.A., as trustee, as supplemented by a supplemental indenture
expected to be dated as of June 2, 2009. A copy of the Convertible Notes
Underwriting Agreement is filed herewith as Exhibit 1.2.
The foregoing is not a complete discussion of the Senior Notes Underwriting
Agreement or the Convertible Notes Underwriting Agreement. Accordingly, the
foregoing is qualified in its entirety by reference to the full text of the
Senior Notes Underwriting Agreement and the Convertible Notes Underwriting
Agreement attached to this Current Report as Exhibits 1.1 and 1.2, respectively,
which are incorporated herein by reference.
Item 8.01. Other Events.
On May 27, 2009, the Company announced the respective pricings of its offerings of Senior Notes and Convertible Notes. The Company's press release announcing the respective pricings of
its offerings of Senior Notes and Convertible Notes is set forth in its entirety
and filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated
herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit 1.1 Underwriting Agreement dated May 27, 2009, among Allegheny
Technologies Incorporated and Citigroup Global Markets Inc. and J.P.
Morgan Securities Inc., as representatives of the several
underwriters named therein.
Exhibit 1.2 Underwriting Agreement dated May 27, 2009, among Allegheny
Technologies Incorporated and J.P. Morgan Securities Inc. and
Citigroup Global Markets Inc., as representatives of the several
underwriters named therein.
Exhibit 99.1 Press release dated May 27, 2009.
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