SGL Carbon $116 million term B to launch Friday

By Sara Rosenberg

New York, Jan. 15 - SGL Carbon AG is scheduled to hold a bank meeting on Friday for a $116 million six-year term loan B, according to a syndicate document. Credit Suisse First Boston is the sole lead arranger on the deal.

The tranche is priced with an interest rate of Libor plus 325 basis points, according to the document.

Proceeds will be used to refinance existing debt.

SGL Carbon is a German-based manufacturer of carbon and graphite products.

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