GrafTech closes exchange offers, issues $944M new second lien notes, obtains $275M term loan

GRAFTECH INTERNATIONAL LTD

Exchanged 99.65% of $498.2M 4.625% notes and 99.15% of $446.2M 9.875% notes for new 4.625% and 9.875% second lien notes due 2029.
Issued $175M initial first lien term loan (due 2029) plus $100M delayed draw commitments; entered $225M revolving credit facility (Nov 2028 maturity).
Consents obtained to eliminate substantially all restrictive covenants and release collateral on existing notes; supplemental indentures effective Dec 23, 2024.

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