SGL Carbon SE has today successfully placed a Senior Secured Notes due 2021 with a total principal value of EUR 250 million with a coupon of 4.875% p.a.

 

SGL Group will use the proceeds to refinance its existing Floating Rate Notes due May 2015 as well as for the partial repayment of a subsidiary bank loan and general corporate purposes.

 

The bond issuance partially extends the debt maturity profile into 2021 and provides additional financial flexibility to SGL Group. The Senior Secured Notes due 2021 were issued at par. The transaction is expected to close on December 12, 2013.

 

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