GrafTech subsidiary prices $450M 9.875% senior secured notes due 2028 to repay term loan

GRAFTECH INTERNATIONAL LTD

Issuer prices $450M aggregate principal of 9.875% Senior Secured Notes due 2028 at 97.456% of par, yield 10.500%.
Proceeds to repay outstanding debt under the secured term loan facility from the 2018 Credit Agreement plus fees and expenses.
Notes expected to close on June 26, 2023; guaranteed by GrafTech and certain U.S. subsidiaries on a senior secured basis.
Notes offered as private placement to QIBs and non-U.S. persons under Rule 144A and Regulation S.

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