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Prospect News home > News index > List of issuers T > Headlines for Tenders 2008 > News item |
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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