UCAR Completes $400.0 Million Senior Note Offering

February 14, 2002 by Jeff Shepard

UCAR International Inc. (Wilmington, DE) announced that it has completed its $400.0 million private offering of senior notes, due 2012. The deal was upsized from $250.0 million.

The senior notes have an annual coupon rate of 10.25 percent. The issue price of the senior notes is 100 percent of the principal amount plus accrued interest, with the first semi-annual interest payment due on August 15, 2002. The company intends to use the net proceeds from this offering for the repayment of debt under its senior secured credit facilities.