ATS to repay credit facility debt with $250 million note offering

By Wendy Van Sickle

Columbus, Ohio, June 8 – ATS Automation Tooling Systems Inc. will repay borrowings under its senior secured credit facility with some proceeds from a $250 million senior note offering, according to a company press release.

Proceeds from the notes, due 2023, will also be used for general corporate purposes, the company said.

Based in Cambridge, Ont., ATS provides custom designed, built and installed manufacturing solutions to customers in industries such as health care, electronics, automotive and consumer products.

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