{"id":86002,"date":"2010-10-16T00:34:46","date_gmt":"2010-10-15T16:34:46","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/atk-raises-280-million-in-debt-sale-after-lay-offs\/"},"modified":"2010-10-16T00:34:46","modified_gmt":"2010-10-15T16:34:46","slug":"atk-raises-280-million-in-debt-sale-after-lay-offs","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/atk-raises-280-million-in-debt-sale-after-lay-offs\/","title":{"rendered":"ATK Raises $280 Million in Debt Sale After Lay-Offs"},"content":{"rendered":"<p>[10-15-10] After laying off hundreds of its employees last month, rocket booster manufacturer <strong>ATK<\/strong> raised about $280 million in a 2.75 percent senior note debt sale that ended Oct. 14.<br \/>\n&nbsp;&nbsp;&nbsp; On Sept. 30, ATK Aerospace Systems dismissed 414 engineers, factory workers and other employees at three northern Utah locations due to \u201cuncertainty over the future of the U.S. space program and the phase-out of the space shuttle program,\u201d according to a statement from ATK Spokesman George Torres.<br \/>\n&nbsp;&nbsp;&nbsp; However, analysts upgraded their positions on the company after the debt sale. Analyst firm <strong>KeyBanc<\/strong> now expects ATK\u2019s 2011 EBITDA to hit $622 million. \u201cAlthough the company does face near-term challenges in the form of NASA revenue uncertainty and a peak ammunition environment, we believe valuation at current levels is compelling and the risk\/reward ratio is advantageous,\u201d the firm said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[10-15-10] After laying off hundreds of its employees last month, rocket booster manufacturer ATK raised about $280 million in a 2.75 percent senior note debt sale that ended Oct. 14. &nbsp;&nbsp;&nbsp; On Sept. 30, ATK Aerospace Systems dismissed 414 engineers, factory workers and other employees at three northern Utah locations due to \u201cuncertainty over the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-86002","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/86002"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=86002"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/86002\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=86002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=86002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=86002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}