GrafTech to draw on revolver, $40 million delayed-draw term loan

By Angela McDaniels

Tacoma, Wash., Aug. 11 – GrafTech International Ltd. plans to use funds available under its $40 million delayed-draw term loan facility and senior revolving credit facility to prepay its $200 million senior subordinated notes due Nov. 30, 2015, according to an 8-K filing with the Securities and Exchange Commission.

The company will also use proceeds of $150 million of new convertible preferred stock and cash on hand.

Based in Independence, Ohio, GrafTech manufactures graphite materials for customers in the steel manufacturing, advanced energy and electronics industries.

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