ATI Inc. has entered into a Second Amended and Restated Revolving Credit, Term Loan, Delayed Draw Term Loan, and Security Agreement as of June 13, 2025. This agreement involves ATI Inc., its wholly-owned domestic subsidiaries, and various financial institutions including PNC Bank, National Association, Bank of America N.A., Citibank, N.A., JPMorgan Chase Bank, N.A., MUFG Bank, Ltd., and Wells Fargo Bank, National Association. The agreement extends through June 13, 2030 and comprises a $200 million term loan and a $600 million revolving credit facility. This facility includes a letter of credit sub-facility of up to $200 million and a swing loan facility of up to $50 million. The agreement sets a fixed charge coverage ratio requirement and mandates minimum liquidity levels during specific periods. It also includes customary covenants regarding indebtedness, investments, and other corporate activities. The full text of the agreement will be available in ATI Inc.'s upcoming Quarterly Report.
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