GrafTech International ( (EAF) ) has provided an update.
GrafTech International Ltd. has secured a $175 million senior loan and commitments for an additional $100 million in loans to address current financial challenges and extend debt maturities. The company also plans an exchange offer for its outstanding senior secured notes, aiming to increase liquidity and operational flexibility. Despite a net loss of $36 million in Q3 2024, GrafTech achieved a 9% increase in sales volume year-over-year and generated $20 million in adjusted free cash flow, signaling a strategic focus on cost reduction and cash flow management.
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