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Allegheny Technologies selling $300 million 10-year notes Tuesday
By Andrea Heisinger
New York, July 9 - Allegheny Technologies Inc. is in Tuesday's market with a $300 million offering of 10-year senior notes (Baa3/BBB-/), according to market sources and a press release.
The notes feature a change-of-control put at 101%. There will be a make-whole call over Treasuries until three months prior to maturity and a par call afterward.
Bookrunners are BofA Merrill Lynch and J.P. Morgan Securities LLC.
Proceeds will be used for general corporate purposes.
The specialty metals producer is based in Pittsburgh.
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