Market Overview

GrafTech Completes $300 Million Senior Notes Offering


GrafTech International (NYSE: GTI) announced today the completion of its previously announced private offering of $300 million aggregate principal amount of unsecured 6.375% Senior Notes due 2020 (the “Notes”). The Notes are the Company's senior unsecured obligations and rank pari passu with all of the Company's existing and future senior unsecured indebtedness. The Notes are unconditionally guaranteed on a senior basis by the Company's existing and future subsidiaries that guarantee certain other indebtedness of the Company or another guarantor.

The Notes were issued pursuant to an Indenture among the Company, the subsidiary guarantors and U.S. Bank National Association, as Trustee.

The Notes bear interest at a rate of 6.375% per year, payable semi-annually in arrears on May 15 and November 15 of each year, commencing on May 15, 2013. Interest will accrue from November 20, 2012. The Notes mature on November 15, 2020.

The net proceeds to the Company from the offering will be approximately $295 million, after deducting initial purchaser discounts, commissions and estimated offering expenses. The Company intends to use the net proceeds to repay amounts currently outstanding under its revolving credit facility.

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy the notes.

Posted-In: News Financing


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