ATS Automation Closes $350 Million Offering of Senior Notes

Paul, Weiss advised ATS Automation Tooling Systems Inc., a leading provider of automated manufacturing and assembly systems, in its offering of $350 million of 4.125% senior notes due 2028. Goldman Sachs, HSBC Securities, Scotia Capital, TD Securities and J.P. Morgan Securities acted as joint bookrunning managers for the offering. 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.

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