2023-06-22 05:54:19 ET
- GrafTech International's ( NYSE: EAF ) indirect, wholly-owned subsidiary, GrafTech Global Enterprises priced its private offering of $450M 9.875% senior secured notes due 2028, including $11.4M of original issue discount to yield 10.500%.
- The notes will be issued at a price of 97.456% of their aggregate principal amount.
- The offering is expected to close on June 26, 2023.
- The proceeds will be used to repay the debt outstanding under the secured term loan facility provided for by the credit agreement entered into by GrafTech in February 2018 and pay all related fees and expenses and, to the extent any proceeds remain, for general corporate purposes.
For further details see:
GrafTech prices $450M senior secured notes