12:13 PM EDT, 07/05/2024 (MT Newswires) -- (Updates to include more details in the second and third paragraphs.)

GrafTech International ( EAF ) is looking at options to raise new money, including transferring assets to a different subsidiary and borrowing against them, Bloomberg reported Friday, citing people with knowledge of the matter.

Sources told Bloomberg that the company tapped Evercore ( EVR ) to reach out to opportunistic funds for financing, with a portion of the proceeds to be used to repurchase debt.

Talks are still preliminary and details are subject to change, the report said.

GrafTech International ( EAF ) and Evercore ( EVR ) did not immediately respond to MT Newswires' requests for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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