GrafTech Finance Inc.’s High‑Yield Senior Secured Notes Offering

Cravath represented the initial purchasers, J.P. Morgan Securities, HSBC, Citigroup, Credit Suisse and RBC Capital Markets, in connection with the $500 million 144A/Reg. S high‑yield senior secured notes offering of GrafTech Finance Inc., an indirect wholly owned subsidiary of GrafTech International Ltd., a leading manufacturer of high‑quality graphite electrode products. The transaction closed on December 22, 2020.

The Cravath team included partners William V. Fogg, George E. Zobitz and D. Scott Bennett and associates Winnie Ling, Andrew D. Norwich and Nicholas Thomson on capital markets matters, and associate Luis Calderon‑Gomez on tax matters. Caroline B. Bowman, Joanna L. Kessler and Gary R. Uter also worked on capital markets matters and Joana W. Li also worked on tax matters.