ATI Inc. announced that its indirect wholly-owned subsidiary, ATI Specialty Materials, LLC, has entered into a new three-year, $125 million accounts receivable securitization facility.

ATI rose 5% on the news.

The agreement, executed on September 19, 2025, involves several related parties, including ATI Securitization Holdings LLC and ATI Securitization LLC, both bankruptcy-remote special purpose entities. PNC Bank, National Association, serves as the Administrative Agent, with PNC Capital Markets LLC as Structuring Agent. Under the facility, ATI will regularly sell certain receivables to these special purpose entities, which may then borrow or sell the receivables up to the $125 million limit. As of September 25, 2025, approximately $80 million was outstanding under the facility. The new arrangement accrues interest based on the secured overnight financing rate $(SOFR)$ and includes customary terms and protections for all parties involved.