ATK Announces $300 Million Offering (ATK)

Alliant Techsystems

today announced that it has commenced a public offering of $300 million senior subordinated notes due 2020. BofA Merrill Lynch and RBS are acting as joint book-running managers. SunTrust Robinson Humphrey, US Bancorp and Wells Fargo Securities are joint lead managers. Mitsubishi UFJ Securities and RBC Capital Markets are co-managers of the offering. ATK intends to use approximately $280 million of the net proceeds of the offering to fund its redemption of all its outstanding 2.75% convertible subordinated notes due 2024, and any remaining net proceeds for general corporate purposes. ATK will exercise its right to redeem any such notes only if, and to the extent, that it receives such net proceeds.