GRAFTECH INTERNATIONAL LTD (EAF): debt financing — GrafTech subsidiary issues $450M 9.875% senior secured notes (10.5% yield) due Dec 2028

GRAFTECH INTERNATIONAL LTD

Issued $450M aggregate principal of 9.875% Senior Secured Notes due 2028 at 97.456% of par (10.5% yield).
Interest payable semi-annually on June 15 and December 15, commencing December 15, 2023.
Notes mature December 15, 2028; guaranteed on senior secured basis by parent and certain subsidiaries.
Indenture includes customary covenants limiting additional debt, liens, investments, and asset sales.
Redemption optional at specified prices; change of control and asset sale offers required.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

GRAFTECH INTERNATIONAL LTD incurred senior notes of $450 million aggregate principal amount with U.S. Bank Trust Company, National Association at 9.875% per annum maturing December 15, 2028.

Instrument: senior notes
Principal: $450 million aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 9.875% per annum
Maturity: December 15, 2028
Event: incurrence

Exact text from the filing

On June 26, 2023, GrafTech Global Enterprises Inc. (the “Issuer”), an indirect, wholly-owned subsidiary of GrafTech International Ltd. (the “Company”), issued $450 million aggregate principal amount of 9.875% Senior Secured Notes due 2028

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

GRAFTECH INTERNATIONAL LTD entered into 9.875% Senior Secured Notes due 2028 Indenture and Collateral Agreement with U.S. Bank Trust Company, National Association valued at $450 million aggregate principal amount of 9.875% Senior Secured Notes due 2028 (effective 2023-06-26).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $450 million aggregate principal amount of 9.875% Senior Secured Notes due 2028
Effective: 2023-06-26

Exact text from the filing

On June 26, 2023, GrafTech Global Enterprises Inc. (the "Issuer"), an indirect, wholly-owned subsidiary of GrafTech International Ltd. (the "Company"), issued $450 million aggregate principal amount of 9.875% Senior Secured Notes due 2028 (the "Notes"), including $11.4 million of original issue discount to yield 10.500%.

View on SEC.gov

12 debt financings filed in the last 30 days. Browse all debt financings →

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Source: SEC EDGAR

accession 0000931148-23-000108

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