ATI Inc. Enters Material Definitive Agreement

Ticker: ATI · Form: 8-K · Filed: 2025-09-25T00:00:00.000Z

Sentiment: neutral

Topics: material-definitive-agreement, financial-obligation

Related Tickers: ATI

TL;DR

ATI Inc. signed a big deal on 9/19, creating new financial obligations.

AI Summary

On September 19, 2025, ATI Inc. entered into a material definitive agreement, which also created a direct financial obligation for the company. The filing was made on September 25, 2025, and pertains to the company's principal executive offices located at 2021 McKinney Avenue, Dallas, Texas.

Why It Matters

This filing indicates a significant new financial commitment or contract for ATI Inc., which could impact its financial obligations and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and new financial obligations can introduce financial risks and operational changes that warrant close monitoring.

Key Players & Entities

FAQ

What type of material definitive agreement did ATI Inc. enter into?

The filing states that ATI Inc. entered into a material definitive agreement, but the specific details of the agreement are not provided in this summary.

What is the nature of the direct financial obligation created?

The filing indicates the creation of a direct financial obligation, but the specifics of this obligation are not detailed in the provided text.

When was the earliest event reported in this 8-K filing?

The earliest event reported was on September 19, 2025.

Where are ATI Inc.'s principal executive offices located?

ATI Inc.'s principal executive offices are located at 2021 McKinney Avenue, Dallas, Texas 75201.

What is ATI Inc.'s Commission File Number?

ATI Inc.'s Commission File Number is 1-12001.

Filing Stats: 832 words · 3 min read · ~3 pages · Grade level 14.3 · Accepted 2025-09-25 16:58:48

Key Financial Figures

Filing Documents

From the Filing

8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 25, 2025 ( September 19, 2025 ) ATI Inc. (Exact name of registrant as specified in its charter) Delaware 1-12001 25-1792394 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 2021 McKinney Avenue , Dallas , Texas 75201 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (800) 289-7545 N/A (Former name or former address, if changed since last report). Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.10 per share ATI New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item1.01 Entry into a Material Definitive Agreement. On September 19, 2025, ATI Specialty Materials, LLC (the "Company"), an indirect wholly-owned subsidiary of ATI Inc. ("ATI"), entered into a three-year, $125 million accounts receivable securitization facility (the "Facility") pursuant to (i) a First Tier Purchase and Sale Agreement (the "First Tier Agreement") among the Company, as Servicer and as the Originator, and ATI Securitization Holdings LLC, a bankruptcy-remote special purpose entity that is a direct wholly-owned subsidiary of the Company ("Holdings"), as Buyer, (ii) a Second Tier Purchase and Sale and Agreement (the "Second Tier Agreement") among the Company, as Servicer, Holdings, as Seller, and ATI Securitization LLC, a bankruptcy-remote special purpose entity that is a direct wholly-owned subsidiary of Holdings (the "SPE"), and (iii) a Receivables Purchase and Financing Agreement (the "Receivables Purchase and Financing Agreement" and, together with the First Tier Agreement and the Second Tier Agreement, the "Agreements") among the SPE, the Company, as Servicer (the "Servicer"), the purchaser/lenders that are parties thereto from time to time (collectively, the "Purchaser/Lenders"), and PNC Bank, National Association, as Administrative Agent (the "Administrative Agent"), and PNC Capital Markets LLC, as Structuring Agent. Under the Agreements, the Originator has sold or contributed, and will continue to sell or contribute on an ongoing basis, certain of its receivables, to Holdings which, in turn, has sold or contributed, and will continue to sell or contribute, all such receivables to the SPE. The SPE may borrow and incur indebtedness from, and/or sell receivables to, the Purchaser/Lenders in an amount not to exceed $125 million in the aggregate. Amounts outstanding under the Receivables Purchase and Financing Agreement accrue interest based on either the forward-looking term rate based on the secured overnight financing rate as administered by the Federal Reserve Bank of New York ("SOFR Rate") for a one-month period or the daily SOFR Rate for a period of one month as of the date of incurrence, as selected by the SPE. The Agreements include customary fees, conditions, representations and warranties, indemnification provisions, covenants and events of default. Receivables in the Facility are subject to certain criteria, limits and reserves. As of September 25, 2025, approximately $80 million of loans and/or investments were outstanding under the Facility. The Facility has a three-year term. Certain of the Secured Parties and their affiliates have provided and may, from time to time, continue to provide investment banking, financial advisory, lending and/or commercial banking services to ATI, the Company and their affiliates, for which they have received, and may in the future receive, customary compensation and reimbursement of expenses. Item2.03 Creation of a Direct Financial Obliga

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