Current Report Filing (8-k)
June 27 2017 - 5:17PM
Edgar (US Regulatory)
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) June 27, 2017 (June 21, 2017)
Allegheny Technologies Incorporated
(Exact name of registrant as specified in its charter)
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Delaware
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1-12001
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25 -1792394
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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1000 Six PPG Place, Pittsburgh, Pennsylvania
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15222-5479
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code (412) 394-2800
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this
chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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. ☐
Item 1.01
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Entry into a Material Definitive Agreement
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On June 21, 2017, Allegheny
Technologies Incorporated (the Company) and certain of its wholly owned domestic subsidiaries entered into a Second Amendment to Revolving Credit and Security Agreement, dated as of June 21, 2017 (the Second Amendment),
amending that certain Revolving Credit and Security Agreement dated as of September 15, 2015 (as amended, the Credit Agreement), by and among the Borrowers party thereto, the Guarantors party thereto, the Lenders party thereto and
PNC Bank, National Association as Agent for the Lenders. The Second Amendment (a) extends the term of the Companys $400 million revolving credit facility (the Revolver) and the maturity of its $100 million term loan (the
Term Loan) under the Credit Agreement to February 28, 2022, (b) reduces the Applicable Margin (as defined in the Credit Agreement) by 0.25% for advances under the Revolver and by 0.50% for the Term Loan and (c) amends
certain of the covenants in the Credit Agreement and related defined terms.
The foregoing is a summary of the material terms and
conditions of the Second Amendment and is qualified in its entirety by reference to the full text of the Second Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 2.03
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Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
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The disclosure set forth above under Item 1.01 is hereby incorporated by reference into this Item 2.03.
Item 9.01
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Financial Statements and Exhibits.
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10.1
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Second Amendment to Revolving Credit and Security Agreement, dated as of June 21, 2017, by and among the Borrowers party thereto, the Guarantors party thereto, the Lenders party thereto and PNC Bank, National
Association, as Agent for the Lenders.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
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ALLEGHENY TECHNOLOGIES INCORPORATED
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By:
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/s/ Patrick J. DeCourcy
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Patrick J. DeCourcy
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Senior Vice President, Finance and
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Chief Financial Officer
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Dated: June 27, 2017
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