Business Context and Reporting Period
Company: GrafTech International Ltd.
Filing Type: Form 8-K (Current Report)
Date of Report: August 27, 2009
Event: Triggering event for the redemption of outstanding Senior Notes.
Key Financial Metrics
This filing does not report standard operating metrics such as revenue, profit, or cash flow for a specific period. The primary financial data relates to a debt transaction:
- Debt Instrument: 10 1/4% Senior Notes due 2012.
- Principal Amount: Approximately $20 million.
- Redemption Price: 101.708% of the principal amount plus accrued interest.
- Funding Source: Cash flow from operating and financing activities.
- Liquidity Impact: Post-redemption, there will be no Senior Notes outstanding.
Material Changes
The material change is the complete elimination of the company's 10 1/4% Senior Notes due 2012. On August 27, 2009, the company requested the Trustee to redeem the remaining balance. The redemption is expected to occur on or about September 28, 2009, subject to the giving of notice to holders.
Guidance, Outlook, and Risks
The filing does not provide new financial guidance or outlook. It references forward-looking statements and risks previously disclosed in the Annual Report on Form 10-K for the period ended December 31, 2008, and the Quarterly Report for the period ended June 30, 2009. A press release regarding this redemption was issued on August 31, 2009.
Investor Verification Checklist
- Verify the exact redemption date (expected on or about September 28, 2009).
- Confirm the total cash outflow including the 101.708% premium and accrued interest.
- Review the referenced Form 10-K and 10-Q for updated risk factors regarding liquidity and debt obligations.
- Check the press release filed as Exhibit 99.1 for any additional details on the transaction.