2023-06-20 07:43:07 ET
- GrafTech International ( NYSE: EAF ) unit GrafTech Global Enterprises has commenced a private offering of $450M aggregate principal amount of senior secured notes due 2028.
- 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 balance for general corporate purposes.
- The notes will be guaranteed on a senior secured basis by GrafTech Finance, an indirect, wholly owned subsidiary of GrafTech and issuer of the outstanding 4.625% existing senior secured notes due 2028,
- Source: Press Release
For further details see:
GrafTech to raise $450M via senior secured notes for debt repayment