GrafTech Explores Options for Raising Money as Losses Mount

GrafTech International, a manufacturer of graphite electrodes used in steel production, is exploring options for raising new money, according to people with knowledge of the matter.

The company is working with Evercore Inc., which has been reaching out to opportunistic funds about providing fresh financing, said the people, who asked not to be named as the details are private. Options under consideration include transferring assets to a different subsidiary and borrowing against them, the people said.

Conversations are preliminary and details may change, according to the people.

GrafTech may use part of the proceeds to buy back debt, ...