ATK Announces Plan to Host Prospective Lenders' Meeting

ARLINGTON, Va., Oct. 4, 2013 /PRNewswire/ -- Alliant Techsystems Inc. (NYSE: ATK) today announced its intention to host a prospective lenders' meeting on Oct. 8, 2013, to discuss a potential new senior secured bank financing consisting of a $600 million revolving credit facility, a $1.01 billion term loan "A" facility and a $250 million term loan "B" facility. ATK anticipates that the proceeds of the new facilities would be used to finance ATK's previously announced acquisition of Bushnell Group Holdings, Inc., refinance its existing senior term loan and revolving credit facilities, pay fees and expenses related to the foregoing, and for other general corporate purposes.

ATK is an aerospace, defense, and commercial products company with operations in 21 states, Puerto Rico, and internationally. ATK is headquartered in Arlington, Va. News and information can be found on the Internet at www.atk.com, on Facebook at www.facebook.com/atk, or on Twitter @ATK.

Certain information discussed in this press release constitutes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Although ATK believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those factors are: assumptions regarding the timing and certainty of the acquisition of Bushnell Group Holdings, Inc.; changes in interest rates or credit availability; and changes in the business, industry or economic conditions or competitive environment. ATK undertakes no obligation to update any forward-looking statements. For further information on factors that could impact ATK, and statements contained herein, please refer to ATK's most recent Annual Report on Form 10-K and any subsequent quarterly reports on Form 10-Q and current reports on Form 8-K filed with the U.S. Securities and Exchange Commission.

SOURCE ATK