SGL Carbon announces refinancing
STAFF REPORT | Hagadone News Network | UPDATED 2 years, 9 months AGO
WIESBADEN, Germany — SGL Carbon has announced that it has successfully completed refinancing and has fully redeemed its corporate bond. As of March 31, its corporate debt has dropped to €174 million — about $191.5 million.
“With the successful completion of the refinancing, we are now ideally positioned to focus on the expansion of our profitable businesses in the coming years,” said Torten Derr, CEO of SGL Carbon SE.
The company announced Monday that it would redeem the remaining outstanding shares of its corporate bond for €237.4 million ($261.3 million) using funds from the successful placement of a convertible bond in June of 2023 and a €75 million ($82.5 million) term loan from the company’s core banks in March, as well as existing liquid funds.
"The successful placement of the two convertible bonds and the extension of the credit facilities demonstrate the confidence of investors and banks in the future prospects of SGL Carbon and its long-term growth strategy," said Thomas Dippold, SGL Carbon CFO.
The company operates a facility in Moses Lake.
ARTICLES BY STAFF REPORT
Pole fires cause morning outages
EPHRATA — Pole fires are causing outages across Grant County, according to a statement from the Grant PUD. Crews are working to replace the poles and restore power, the PUD wrote. Anyone who sees damaged equipment is encouraged to report it at 800-216-5226. If you see a downed line, call 911 and stay at least 30 feet away from it. More information about outages is available at www.grantpud.org/outages.
Adams County passes accountability audit
RITZVILLE — Adams County received a clean bill of health in its latest accountability audit, with state auditors reporting no findings and concluding the county complied with laws, safeguarded public resources and maintained adequate internal controls during 2024.
3 hurt in collision south of Moses Lake
MOSES LAKE — A two-vehicle collision south of Moses Lake sent three people to the hospital Tuesday morning, according to a press release from the Washington State Patrol.