ATG Completes $45 Million Credit Facility.

FREMONT, Calif.--(BUSINESS WIRE)--Nov. 16, 1999--

ATG Inc. (Nasdaq:ATGC), a leading provider of low-level radioactive waste treatment services, Tuesday announced the completion of a $45 million credit facility.

The credit facility includes a $27 million letter of credit enhancement of a tax exempt bond issuance for the construction of a low level mixed waste ("LLMW") treatment facility at ATG's Richland, Washington location. The $18 million balance of the credit facility is a revolving loan for working capital needs, which replaces the company's current working capital line.

Sanwa Bank California and KeyBank National Association are the co-agents for the bank lending group, which also includes Imperial Bank, General Bank and First Bank of California. Westhoff, Cone & Holmstedt underwrote the tax-exempt bond offering of $26.5 million.

The Port of Benton Economic Development Corp. is the issuer of the bonds and KeyBank is providing the irrevocable direct pay letter of credit to enhance the bonds. BNY Western Trust company is the trustee for the bondholders.

"This represents a significant milestone in the history of ATG," said Steve Guerrettaz, chief financial officer of ATG, Inc. "We have received tremendous support from the Port of Benton and the Tri-Cities area throughout the permitting of the LLMW treatment facility and the preparation of this bond offering.

"Sanwa Bank has been the principal lender to the company and took a major role in completing this financing. We are extremely pleased to add KeyBank, Imperial Bank, General Bank and First Bank of California to this team," added Doreen Chiu, president and chief executive officer of ATG Inc.

ATG began the bond financing process almost one year ago when it received approval from the state of Washington for an allocation request under the state's bond ceiling. "A lot of very hard-working professionals have contributed to this effort in the past ten months and we thank them for their dedication and commitment," said Guerrettaz.

The variable rate bonds qualify as tax-exempt bonds and will mature in 15 years. The initial interest rate on the bonds was set at 3.70 percent. Letter of credit fees and other fees will bring the company's average cost of borrowing under this component of the credit facility to a range of 6 percent to 7 percent per annum. The company intends to file a Form 8-K with the SEC that discusses the transaction in greater detail.on Agency in June 1999 and its permit to constrnt capability that is expected to become operatlion.

These contracts include firm revenue backlog of approximately $26 million over the next five years, approximately $15 million anticipated revenue from option s under basic ordering agreements with four Depion.

ATG Inc. is a radioactive and hazardo nuclear power plants, medical facilities and research institutions, both in the United States and overseas, ng of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actua under "Factors Affecting Future Operating Resuundertakes no obligation to publicly release th.