ATS Automation Tooling Systems’ $350 Million Senior Notes Offering


Paul, Weiss advised ATS Automation Tooling Systems on the deal.

ATS Automation Tooling Systems Inc., a leading provider of automated manufacturing and assembly systems, executed its offering of $350 million of 4.125% senior notes due 2028. The net proceeds will be used to fund the redemption of ATS’s outstanding 6.500% Senior Notes due 2023 and for general corporate purposes.

Goldman Sachs, HSBC Securities, Scotia Capital, TD Securities and J.P. Morgan Securities acted as joint bookrunning managers for the offering.

The Paul, Weiss team included corporate partner Christopher Cummings (Picture); tax partner David Mayo; and environmental counsel William O’Brien.

Involved fees earner: Christopher Cummings – Paul Weiss Rifkind Wharton & Garrison; David Mayo – Paul Weiss Rifkind Wharton & Garrison; William O’Brien – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: ATS Automation Tooling Systems;

Author: Ambrogio Visconti