SGL Carbon €200 million floating-rate note offering expected May 7 week

By Paul A. Harris

St. Louis, May 3 - SGL Carbon AG is expected to bring to market a €200 million offering of senior floating-rate corporate bonds during the May 7 week, according to a market source.

Morgan Stanley and Deutsche Bank will lead the deal.

Proceeds will be used to refinance debt.

Moody's Investors Service assigns its Ba3 senior unsecured debt rating to the Wiesbaden, Germany-based manufacturer of carbon-based products.

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