Mr. David Galison reports

ATS ANNOUNCES OFFERING AND PRICING OF UPSIZED REOPENING OF $200 MILLION SENIOR NOTES DUE 2032

ATS Corp. has entered into an underwriting agreement with a syndicate of underwriters to sell, pursuant to a private placement offering, an additional $200-million aggregate principal amount of its 6.50 per cent senior unsecured notes due 2032, which aggregate principal amount of additional notes was upsized from the initial target reopening size of $150-million.

The notes will be issued at a price of 100.625 per cent of their face value (plus accrued interest from Aug. 21, 2024), with a yield to call of 6.341 per cent. The notes will have identical terms (except for their date of issue and issuance price) and be fungible (following the expiry of the applicable statutory hold period) with and be part of a single series with the $400-million aggregate principal amount of 6.50 per cent senior unsecured notes due 2032 issued by the company on Aug. 21, 2024.

ATS intends to use the net proceeds of the offering to pay outstanding amounts owed under the revolving line of credit available under its senior syndicated credit facility.

The offering is expected to close on or about Dec. 19, 2024, subject to customary closing conditions.

About ATS Corp.

ATS is an industry-leading automation solution provider to many of the world's most successful companies. ATS uses its extensive knowledge base and global capabilities in custom automation, repeat automation, automation products and value-added solutions, including preautomation and after-sales services, to address the sophisticated manufacturing automation systems and service needs of multinational customers in markets such as life sciences, transportation, food and beverage, consumer products, and energy. Founded in 1978, ATS employs over 7,500 people at more than 65 manufacturing facilities and over 85 offices in North America, Europe, Southeast Asia and Oceania. The company's common shares are traded on the Toronto Stock Exchange and the New York Stock Exchange under the symbol ATS.

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