GrafTech Announces Private Offering of $300 Million Senior Notes Due 2020
PARMA, Ohio -- November 13, 2012
GrafTech International Ltd. (NYSE:GTI) announced today that it intends to
offer $300 million aggregate principal amount of unsecured Senior Notes due in
2020 (the "Notes"). The Notes will be unconditionally guaranteed on a senior
basis by the Company's existing and future subsidiaries that guarantee certain
other indebtedness of the Company. The private offering, which is subject to
market and other conditions, will be made within the United States only to
qualified institutional buyers and outside the United States only to non-U.S.
investors under Regulation S of the Securities Act of 1933.
The Company intends to use the net proceeds of the offering to repay amounts
currently outstanding under its revolving credit facility.
The securities to be offered will not be registered under the Securities Act
or applicable state securities laws or blue sky laws, and may not be offered
or sold in the United States absent registration under the Securities Act and
applicable state securities laws or available exemptions from the registration
This announcement shall not constitute an offer to sell or the solicitation of
an offer to buy the Notes.
GrafTech International offers innovative graphite material solutions for our
customers in a wide range of industries and end markets, including steel
manufacturing, advanced energy and latest generation electronics. GrafTech
operates 19 principal manufacturing facilities on four continents and sells
products in over 70 countries. Headquartered in Parma, Ohio, GrafTech employs
NOTE ON FORWARD-LOOKING STATEMENTS: This news release and related discussions
may contain forward-looking statements about the proposed offering. We have no
duty to update these statements. Actual future events could differ materially,
positively or negatively, from these statements due to changes in economic,
market or industry conditions, changes in governmental, central bank, tax or
other policies, changes in our business and other risks and uncertainties,
including those detailed in our SEC filings, as well as future decisions by
GrafTech International Ltd.
Kelly Taylor, 216-676-2000
Director, Investor Relations
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