10:40 AM EDT, 08/21/2024 (MT Newswires) -- ATS Corp. ( ATS ) said Wednesday it has closed its 400 million Canadian dollar ($294 million) private placement offering of 6.50% senior unsecured notes maturing in August 2032.

The Canadian maker of industrial automation technology last week priced the offering of 8-year notes, which was upsized by C$100 million from its initial deal size, at par.

Net proceeds from the deal will be used to pay down debt owed through its revolving credit facility, the company said.

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