ATS Announces Closing of $400 Million Senior Notes Offering
21 Agosto 2024 - 10:58AM
Business Wire
ATS Corporation (TSX: ATS) (NYSE: ATS) (“ATS” or the
“Company”) confirmed today that it has successfully closed
its previously announced private placement offering (the
“Offering”) of C$400 million aggregate principal amount of
6.50% senior unsecured notes due August 21, 2032 (the
“Notes”). As previously stated, the Company intends to use
the net proceeds of the Offering to pay outstanding amounts owed
under the revolving line of credit available under its senior
syndicated credit facility.
The Offering was underwritten by a syndicate of underwriters,
led by National Bank Financial Inc. and RBC Dominion Securities
Inc, and included Scotia Capital Inc., TD Securities Inc., J.P.
Morgan Securities Canada Inc., Raymond James Ltd., UniCredit
Capital Markets LLC and Stifel Nicolaus Canada Inc.
The Notes were offered for sale in Canada to accredited
investors on a private placement basis, in accordance with Canadian
securities laws. The Notes were not registered under the U.S.
Securities Act, or any state securities laws, and were offered and
sold in the United States to qualified institutional buyers only,
pursuant to Rule 144A of the U.S. Securities Act, and outside of
the United States in accordance with Rule 903 of Regulation S under
the U.S. Securities Act.
About ATS Corporation
ATS Corporation is an industry-leading automation solutions
provider to many of the world's most successful companies. ATS uses
its extensive knowledge base and global capabilities in custom
automation, repeat automation, automation products and value-added
solutions including pre-automation and after-sales services, to
address the sophisticated manufacturing automation systems and
service needs of multinational customers in markets such as life
sciences, transportation, food & beverage, consumer products,
and energy. Founded in 1978, ATS employs over 7,000 people at more
than 65 manufacturing facilities and over 85 offices in North
America, Europe, Southeast Asia and Oceania. The Company's common
shares are traded on the Toronto Stock Exchange and the NYSE under
the symbol ATS. Visit the Company's website at
www.atsautomation.com.
Forward-looking Statements
This press release contains certain statements that may
constitute forward-looking information and forward-looking
statements within the meaning of applicable Canadian and United
States securities laws (“forward-looking statements”). All such
statements are made pursuant to the “safe harbour” provisions of
Canadian provincial and territorial securities laws and the U.S.
Private Securities Litigation Reform Act of 1995.
Forward-looking statements include all statements that are not
historical facts regarding possible events, conditions or results
of operations that ATS believes, expects or anticipates will or may
occur in the future, including, but not limited to: the use of
proceeds from the Offering of the Notes. Forward-looking statements
are inherently subject to significant known and unknown risks,
uncertainties, and other factors that may cause the actual results,
performance, or achievements of ATS, or developments in ATS’
business or in its industry, to differ materially from the
anticipated results, performance, achievements, or developments
expressed or implied by such forward-looking statements. Important
risks, uncertainties, and factors that could cause actual results
to differ materially from expectations expressed in the
forward-looking statements include, but are not limited to, general
market performance including market conditions and availability and
cost of credit; and other risks and uncertainties detailed from
time to time in ATS' filings with securities regulators, including,
without limitation, the risk factors described in ATS’ annual
information form for the fiscal year ended March 31, 2024, which
are available on the System for Electronic Data Analysis and
Retrieval+ (SEDAR+) at www.sedarplus.com and on the U.S. Securities
Exchange Commission’s Electronic Data Gathering, Analysis and
Retrieval System (EDGAR) at www.sec.gov. ATS has attempted to
identify important factors that could cause actual results to
materially differ from current expectations, however, there may be
other factors that cause actual results to differ materially from
such expectations.
Forward-looking statements are necessarily based on a number of
estimates, factors, and assumptions regarding, among others,
management's current plans, estimates, projections, beliefs and
opinions; the future performance and results of the Company’s
business and operations; and the ability of ATS to execute on its
business objectives.
Forward-looking statements included herein are only provided to
understand management’s current expectations relating to future
periods and, as such, are not appropriate for any other purpose.
Although ATS believes that the expectations reflected in such
forward-looking statements are reasonable, such statements involve
risks and uncertainties, and ATS cautions you not to place undue
reliance upon any such forward-looking statements, which speak only
as of the date they are made. ATS does not undertake any obligation
to update forward-looking statements contained herein other than as
required by law.
SOURCE: ATS Corporation
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version on businesswire.com: https://www.businesswire.com/news/home/20240821587084/en/
For more information, contact: David Galison Head of
Investor Relations ATS Corporation 730 Fountain Street North
Cambridge, ON, N3H 4R7 (519) 653-6500
dgalison@atsautomation.com
For general media inquiries, contact: Matthew Robinson
Director, Corporate Communication ATS Corporation 730 Fountain
Street North Cambridge, ON, N3H 4R7 (519) 653-6500
mrobinson@atsautomation.com
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