Graftech calls $120 million of 10¼% notes

By Angela McDaniels

Seattle, Jan. 18 - Graftech International Ltd. plans to redeem $120 million of its outstanding 10¼% senior notes due 2012 at 105.125% of par plus accrued interest on or about Feb. 15, according to an 8-K report filed with the Securities and Exchange Commission on Thursday.

After the redemption, $315 million of the notes will remain outstanding.

The Wilmington, Del.-based graphite and carbon producer said it is obligated under the indenture governing the notes to proceed with the redemption.

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