[Satellite TODAY 09-14-10] Alliant Techsystems Inc. (ATK) has raised $344.2 million by selling its 6.87 percent senior subordinated notes, which are due in 2020, the company announced Sept. 13. 
    ATK received the funds through a $350 million debt sale and said it intends to use the net proceeds of the offering to fund the redemption of all its outstanding 2.75 percent convertible senior subordinated notes due 2024 and for general corporate purposes. The notes are guaranteed on a senior subordinated basis by ATK and its domestic subsidiaries.
    In April, ATK adjusted its full-year sales projection down to about $4.8 billion from expectations of up to $4.875 billion, with an earnings shift due to better-than-expected operating margins and slightly lower sales.