CAMBRIDGE, ON, June 12, 2015 /CNW/ - ATS Automation Tooling
Systems Inc. (TSX: ATA) ("ATS" or the "Company") today
announces the pricing of its private offering of US$250 million aggregate principal amount of
Senior Notes due 2023 (the "Notes"). The Notes will be issued
at par, bear interest at a rate of 6.50% per annum and mature on
June 15, 2023. The offering is
expected to close on or about June
17, 2015. ATS intends to use the net proceeds of the
Notes to repay amounts outstanding under its senior secured credit
facility and for general corporate purposes.
The Notes will be offered and sold in the United States only to persons reasonably
believed to be qualified institutional buyers in accordance with
Rule 144A under the United States Securities Act of 1933, as
amended (the "Securities Act"), and outside the United States in reliance on Regulation S
under the Securities Act. The Notes may be offered and sold
in certain provinces of Canada on
a private placement basis pursuant to certain prospectus
exemptions.
The offer and sale of the Notes will not be registered under the
Securities Act and the Notes may not be offered or sold in
the United States absent
registration or an applicable exemption from the registration
requirements of the Securities Act and applicable state securities
laws. This news release shall not constitute an offer to sell
or the solicitation of an offer to buy the Notes, nor shall there
be any offer or sale of the Notes in any jurisdiction in which such
offer, solicitation or sale would be unlawful.
About ATS
ATS is an industry-leading automation
solutions provider to many of the world's most successful
companies. ATS uses its extensive knowledge base and global
capabilities in custom automation, repeat automation, automation
products and value-added services including pre-automation and
after-sales services to address the sophisticated manufacturing
automation systems and service needs of multinational customers in
markets such as life sciences, chemicals, consumer products,
electronics, food, beverage, transportation, energy, and oil and
gas. Founded in 1978, ATS employs approximately 3,500 people at 26
manufacturing facilities and 47 offices in North America, Europe, Southeast
Asia and China. The
Company's shares are traded on the Toronto Stock Exchange under the
symbol ATA.
Note to Readers: Forward-Looking Statements:
This
news release contains certain statements that may constitute
forward-looking information within the meaning of applicable
securities laws ("forward-looking statements"). Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of ATS, or developments in ATS'
business or in its industry, to differ materially from the
anticipated results, performance, achievements or developments
expressed or implied by such forward-looking statements.
Forward-looking statements include all disclosure regarding
possible events, conditions or results of operations that is based
on assumptions about future economic conditions and courses of
action. Forward-looking statements may also include, without
limitation, any statement relating to future events, conditions or
circumstances. ATS cautions you not to place undue reliance upon
any such forward-looking statements, which speak only as of the
date they are made. Forward-looking statements relate to, among
other things, expected closing of the offering of the Notes, and
the use of proceeds from the offering of the Notes. The risks and
uncertainties that may affect forward-looking statements include
the risk that the Note offering is not concluded; and other risks
detailed from time to time in ATS' filings with Canadian provincial
securities regulators. Forward-looking statements are based on
management's current plans, estimates, projections, beliefs and
opinions, and other than as required by applicable securities laws,
ATS does not undertake any obligation to update forward-looking
statements should assumptions related to these plans, estimates,
projections, beliefs and opinions change.
SOURCE ATS Automation Tooling Systems Inc.