Atlas Corp. Redeems All 7.125% Senior Notes Due 2027
| Field | Detail |
|---|---|
| Company | Atlas Corp. |
| Form Type | 6-K |
| Filed Date | Jul 11, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-redemption, financing, notes
TL;DR
Atlas Corp. paid off its 7.125% Senior Notes due 2027 on July 7, 2025.
AI Summary
Atlas Corp. announced on July 7, 2025, the redemption of all its outstanding 7.125% Senior Notes due 2027. The company redeemed all 2,093,984 notes at a price of $25.00 per note, totaling approximately $52.35 million.
Why It Matters
This action signifies Atlas Corp. has eliminated a specific debt obligation, potentially improving its balance sheet and reducing future interest expenses.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a debt redemption, with no new material risks introduced.
Key Numbers
- 2,093,984 — Notes Redeemed (All outstanding 7.125% Senior Notes due 2027 were redeemed.)
- $25.00 — Redemption Price (Each note was redeemed at this price.)
- 7.125% — Interest Rate (The coupon rate of the redeemed notes.)
Key Players & Entities
- Atlas Corp. (company) — Registrant
- 7.125% Senior Notes due 2027 (debt_instrument) — Notes redeemed
- July 7, 2025 (date) — Date of redemption
- 2,093,984 (number) — Number of notes redeemed
- $25.00 (dollar_amount) — Redemption price per note
- The Bank of New York Mellon (company) — Information source
FAQ
What was the total principal amount of the notes redeemed?
The total principal amount redeemed was approximately $52.35 million, calculated by multiplying the 2,093,984 notes by the $25.00 redemption price.
What is the CUSIP number for the redeemed notes?
The CUSIP number for the 7.125% Senior Notes due 2027 is 04926V 203.
When did Atlas Corp. complete the redemption of its senior notes?
Atlas Corp. completed the redemption of its 7.125% Senior Notes due 2027 on July 7, 2025.
What is the maturity date of the notes that were redeemed?
The notes that were redeemed were the 7.125% Senior Notes due 2027.
Who is providing additional information regarding the Notes Redemption?
The Bank of New York Mellon is providing additional information regarding the Notes Redemption.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on July 11, 2025 regarding Atlas Corp..