---
schema_version: "secwatch.filing_event.v1"
accession: "0000931148-24-000119"
form_type: "8-K"
ticker: "EAF"
cik: "0000931148"
company_name: "GRAFTECH INTERNATIONAL LTD"
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T02:37:08.616909+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# GrafTech enters debt restructuring with $275M new loans; projects negative EBITDA through 2025

## Summary
- $175M initial first lien term loans + $100M delayed draw commitments; new $225M revolver maturing Nov 2028.
- Exchange offers for all 4.625% and 9.875% secured notes due 2028 for new second lien notes due 2029 at par.
- Over 81% of existing noteholders committed to tender and consent; closing requires ≥80% aggregate participation.
- Projections: Adj. EBITDA $0M in 2024, ($28M)-$31M in 2025, then $346M by 2028; unlevered adj. FCF negative through 2025.
- Term loans bear SOFR+6.00% (2% floor) or base+5.00%; ticking fee 3.75% p.a. on undrawn delayed draw commitments.

## SEC filing metadata
- accession: 0000931148-24-000119
- form_type: 8-K
- ticker: EAF
- cik: 0000931148
- company_name: GRAFTECH INTERNATIONAL LTD
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/931148/000093114824000119/0000931148-24-000119-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/931148/000093114824000119/gti-20241111.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000931148-24-000119
- JSON: https://secwatch.observer/filing/0000931148-24-000119.json
- Plain text: https://secwatch.observer/filing/0000931148-24-000119.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.