Graftech International - EAF STOCK NEWS

GrafTech International Ltd. (NYSE: EAF) announced a secondary offering of 20,000,000 shares of its common stock, managed by Brookfield Asset Management and Brookfield Business Partners. The selling stockholder will retain all net proceeds, while GrafTech itself is not offering any shares. Morgan Stanley is the sole underwriter. This offering is made under an effective shelf registration statement with the SEC. The announcement highlights the company's reliance on its majority ownership and the potential implications for shareholder value.

GrafTech International Ltd. (NYSE:EAF) will conduct its Fourth Quarter and Full Year 2020 Conference Call on February 5, 2021, at 10:00 a.m. EST. This call will present unaudited financial results for the period ending December 31, 2020, alongside discussions on current business initiatives. The financial data will be published prior to the market opening on the same day and available on their investor relations website. Investors can participate by dialing designated numbers or joining via a webcast.

GrafTech International Ltd. (NYSE: EAF) announced an underwritten secondary offering of 8,500,000 shares of its common stock, an increase of 1,500,000 shares from a prior announcement. The offering, led by Brookfield Asset Management affiliates, will see selling stockholders receive all net proceeds, with no shares offered by GrafTech itself. Morgan Stanley & Co. LLC is the sole underwriter. The offering is made under an effective shelf registration statement and will be filed with the SEC. GrafTech specializes in high-quality graphite electrode products for steel production.

GrafTech International Ltd. (NYSE: EAF) announced plans for a secondary offering of 7,000,000 shares of its common stock by Brookfield Asset Management and Brookfield Business Partners. The offering is subject to market conditions and is being underwritten solely by Morgan Stanley & Co. LLC. Importantly, GrafTech is not issuing any new shares, and all proceeds will go to the selling stockholders. This offering is part of an effective shelf registration with the SEC, and detailed information will be available in the associated prospectus.

GrafTech International Ltd. (NYSE: EAF) announced pricing for its private offering of $500 million in 4.625% Senior Secured Notes due 2028. The offering is expected to close on December 22, 2020. Proceeds will be used to repay existing secured term loans and cover related expenses. The Notes will be guaranteed by GrafTech and its subsidiaries and secured by collateral under its credit agreement. The offering is exclusively for qualified institutional buyers and non-U.S. persons, not registered under the Securities Act.

GrafTech International Ltd. (NYSE: EAF) announced a private offering of $500 million in senior secured notes due 2028, aiming to repay part of its existing secured term loans. The notes will be guaranteed by GrafTech and its U.S. subsidiaries. The offering is subject to market conditions and is intended only for qualified institutional buyers. GrafTech, a leader in manufacturing graphite electrodes, emphasizes the strategic importance of this financing for optimizing its capital structure.

GrafTech International Ltd. (NYSE: EAF) reported Q3 2020 results showing a net income of $94 million and adjusted EBITDA of $153 million. Net sales decreased to $287 million, down from $421 million in Q3 2019, primarily due to lower sales volumes impacted by COVID-19. Cash flow from operations was $129 million, with liquidity at $406 million. Sales volume reached 33 thousand MT, influenced by LTA and spot sales. The company reduced debt by $150 million in the quarter, expecting LTA sales volumes between 100 and 115 thousand MT for the year.

GrafTech International Ltd. (NYSE:EAF) announced a quarterly cash dividend of $0.01 per share for stockholders of record by November 30, 2020, with a payment date of December 31, 2020. The company is a major manufacturer of high-quality graphite electrode products, crucial for electric arc furnace steel production. GrafTech's competitive advantage stems from its vertically integrated production of petroleum needle coke, which enhances both product quality and cost efficiency.

GrafTech International Ltd. (NYSE:EAF) will host its Third Quarter 2020 Conference Call on November 3, 2020, at 10:00 a.m. EST to discuss financial results for the quarter ended September 30, 2020. Results will be released before market open and can be accessed via the investor relations website. Participants can join the call by dialing the provided numbers. A replay will be available until February 3, 2021. GrafTech specializes in manufacturing high-quality graphite electrode products, essential for steel production, and enjoys a competitive edge with vertically integrated facilities.