SGL Carbon to raise €250mn through senior secured notes

SGL Group plans to use the proceeds to refinance the existing Floating Rate Notes due May 2015 as well as for the partial repayment of a subsidiary bank loan and general corporate purposes. The offering is expected to commence.

Concurrent with the offering of the Senior Secured Notes, SGL Carbon SE has signed a new EUR 200 million Credit Facility to be used for general corporate purposes replacing the existing EUR 200 million Credit Facility. The new Credit Facility will mature at the end of 2017.

Jürgen Muth, CFO of SGL Group: “The contemplated Senior Secured Notes offering in conjunction with the new Credit Facility enables SGL Group to extend our maturity profile while at the same time taking advantage of a highly attractive capital markets environment.”

The loan and bond refinancing is led by Deutsche Bank, Credit Suisse, Commerzbank and LBBW.

SGL Carbon