BROOKLYN HEIGHTS, Ohio--(BUSINESS WIRE)--Apr. 26, 2018--
GrafTech International Ltd. (the “Company”) (NYSE: EAF) today announced
that the underwriters of its previously announced initial public
offering of shares of its common stock have partially exercised their
overallotment option by purchasing an additional 3,097,525 shares of
common stock at a price to the public of $15 per share from the selling
stockholder, an affiliate of Brookfield Business Partners LP, a publicly
listed business services and industrials company of Brookfield Asset
Management Inc. The exercise of the overallotment option closed on
April 26, 2018. After giving effect to the partial exercise of the
overallotment option, the total number of shares of common stock sold by
the selling stockholder in the initial public offering is 38,097,525.
J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC acted
as joint lead book running managers and as representatives of the
underwriters for the offering; Citigroup Global Markets Inc., RBC
Capital Markets, LLC and HSBC Securities (USA) Inc. acted as joint book
running managers for the offering; BMO Capital Markets Corp., BNP
Paribas Securities Corp., CIBC Capital Markets, National Bank Financial
Inc. and TD Securities (USA) LLC acted as co-managers for the offering.
A registration statement relating to these securities was declared
effective as of April 18, 2018 by the Securities and Exchange
Commission. The offering was made only by means of the written
prospectus forming part of the registration statement. Copies of the
final prospectus relating to the offering may be obtained from: J.P.
Morgan Securities LLC, Attention: J.P. Morgan Securities LLC, c/o
Broadridge Financial Solutions 1155 Long Island Avenue, Edgewood, NY
11717, or via telephone: 1-866-803-9204; or Credit Suisse Securities
(USA) LLC, Attention: Prospectus Department, One Madison Avenue, New
York, NY 10010, or by telephone at (800) 221-1037, or by email at email@example.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
GrafTech International Ltd. is a leading manufacturer of high
quality graphite electrode products essential to the production of
electric arc furnace (or EAF) steel and other ferrous and non-ferrous
Cautionary Statement Regarding Forward-Looking Statements
Statements in this press release regarding the Company that are not
historical facts are “forward-looking statements” that involve risks and
uncertainties. The Company undertakes no obligation to update the
information contained in this press release to reflect subsequently
occurring events or circumstances.
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Source: GrafTech International Ltd.
GrafTech International Ltd.
Quinn Coburn, 216-676-2000
President and CFO