Graftech calls $35 million of its 10¼% notes due 2012

By Julie A. Miller

Washington, July 28 - Graftech International Ltd. announced that it will redeem $35 million of its outstanding of its 10¼% senior notes due 2012 at 103.417% of the principal amount, plus accrued interest.

After the redemption, scheduled for Aug. 25, the principal amount outstanding will be $40 million, the company said in an 8-K filing with the Securities and Exchange Commission. The company redeemed $125 million of the notes in January.

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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