08:21 AM EDT, 08/15/2024 (MT Newswires) -- ATS (ATS) said Thursday it has upsized its private placement offering of 6.5% senior unsecured notes due 2032 to 400 million Canadian dollars ($292 million) from the initial offering of CA$300 million.

The company said the notes will be issued at a price of CA$1,000 per CA$1,000 principal amount of notes.

ATS said it plans to use the net proceeds to pay outstanding amounts owed under the revolving credit line available under its senior syndicated credit facility.

The offering is expected to close around Wednesday, the company said.