Allegheny Technologies to redeem $350 million 9.375% notes due 2019

By Sarah Lizee

Olympia, Wash., Nov. 7 – Allegheny Technologies Inc. intends to redeem all $350 million of its 9.375% senior notes due June 1, 2019 using proceeds from a proposed offering of 17 million shares of common stock, according to a press release.

Any remaining proceeds will be used for general corporate purposes.

Allegheny Technologies is a specialty metals company based in Pittsburgh.

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