Allegheny Technologies will use new notes to redeem 5 7/8% notes

Chicago, Sept. 8 – Allegheny Technologies Inc. announced plans to redeem all of its outstanding 5 7/8% senior notes due 2023, according to a press release on Wednesday.

There are $500 million of the notes outstanding.

Funding for the redemption will come from a new offering of notes.

The issuer is a Pittsburgh-based specialty metals manufacturer.

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