S&P Downgrades GrafTech (GTI) to 'B+'; Notes Highly-Leverages Financial Risk Profile
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GrafTech Announces Completion of $150 Million Preferred Equity Investment
August 11, 2015 4:30 PM EDTINDEPENDENCE, Ohio--(BUSINESS WIRE)-- GrafTech International Ltd. (NYSE: GTI) today announced it has consummated the previously announced sale of $150 million of preferred equity to an affiliate of Brookfield Asset Management Inc. (NYSE: BAM) (TSX: BAM.A) (Euronext: BAMA) (Brookfield).
Under the terms of the investment agreement, GrafTech issued to Brookfield, in a private offering convertible preferred shares in two series, series A shares and series B shares. The series A shares are immediately convertible into GrafTech common shares... More
GrafTech Receives Final Regulatory Approval for Brookfield Investment and Tender Offer
August 11, 2015 9:28 AM EDTINDEPENDENCE, Ohio--(BUSINESS WIRE)-- GrafTech International Ltd. (NYSE: GTI) today announced that it has received approval from the Committee on Foreign Investment in the United States (CFIUS) to close on the previously announced transactions with affiliates of Brookfield Asset Management Inc. (NYSE: BAM) (TSX: BAM.A) (Euronext: BAMA) (Brookfield). The approval by CFIUS is the final regulatory approval required to consummate the $150 million preferred equity investment and the tender offer by Brookfield.
GrafTech expects to close on the... More
