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GrafTech International ( (EAF) ) has issued an announcement.
GrafTech International Ltd. finalized its exchange offers and consent solicitations, replacing existing senior secured notes with new second lien notes due in 2029. This move involved eliminating restrictive covenants and releasing collateral on the existing notes, receiving 99.4% participation from noteholders, signaling strong stakeholder support and potentially strengthening GrafTech’s financial flexibility.
More about GrafTech International
GrafTech International Ltd. is a leading manufacturer of high-quality graphite electrode products, essential for electric arc furnace steel production and other ferrous and non-ferrous metals. The company boasts a competitive portfolio of low-cost, ultra-high power graphite electrode manufacturing facilities and is the only large-scale producer substantially vertically integrated into petroleum needle coke, a key raw material for its manufacturing process.
YTD Price Performance: -27.85%
Average Trading Volume: 2,209,576
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $406.3M
Find detailed analytics on EAF stock on TipRanks’ Stock Analysis page.
