GrafTech Reaches Deal With Lenders, Bondholders on Debt

GrafTech reached an agreement with lenders and bondholders to provide new debt financing on “competitive” terms and extend maturities of its existing debt.

• Entered a commitment and consent letter with lenders holding all of its existing revolving commitments, an ad hoc group that holds over 81% of its existing secured bonds and Barclays as a fronting lender
• GrafTech expects to incur $175m of new senior secured first lien term loans and obtain commitments with respect to $100m of new senior secured first lien delayed draw term loans
  • Expects to launch offers to exchange its outstanding 4.625% senior secured notes due ...