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Published on 9/4/2008 in the Prospect News High Yield Daily.

GrafTech to redeem $20 million of its 10¼% notes due 2012

By Jennifer Chiou

New York, Sept. 4 - GrafTech International Ltd. called for redemption $20 million of its 10¼% senior notes due 2012, according to an 8-K filing with the Securities and Exchange Commission.

The company will redeem the notes at 103.417% plus accrued interest.

On Aug. 25, the company redeemed $35 million of the notes while it redeemed $125 million of the notes in January.

Following the redemption, $20 million of the notes will remain outstanding.

GrafTech said it is using cash flow from operating and financing activities to fund the redemption.

U.S. Bank NA is the trustee.

GrafTech is a Parma, Ohio-based graphite and carbon producer.


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