[pageLogInLogOut]

#Composites

Successful completion of the refinancing of SGL Carbon

Just two years ago, SGL Carbon's net debt amounted to €287 million with a leverage of 3.1. Today, SGL Carbon reports that it has successfully completed its refinancing with the announcement of the full redemption of the corporate bond. Net debt as of March 31, 2023 has reduced to €174 million with a leverage of 1.0.

SGL Carbon today informed the bondholders that it will redeem the remaining outstanding shares of the Corporate Bond (ISIN: XS1945271952 / maturing in September 2024) for €237.4 million on July 28, 2023 at par plus accrued interest.

To repay the corporate bond, SGL Carbon will use the funds from the successful placement of the €119 million convertible bond in June 2023 and the €75 million term loan facility granted by the Company's core banks in March 2023, as well as existing liquidity.

SGL Carbon has thus created a stable financing structure that will enable it to continue to push ahead with its growth strategy.

The refinancing of SGL Carbon comprised several transactions, including the successful placement of a convertible bond in September 2022 in amount of €102 million (maturity in 2027) with a concurrent repurchase offer to the holders of the convertible bond with an original maturity in September 2023. This convertible bond was repaid in full in March 2023.

Furthermore, in March 2023, the revolving credit facility provided to the Company by six of its core banks was extended in maturity until 2026 and extensively amended. Under the amended facilities agreement, SGL Carbon now has access to a liquidity reserve of €100 million for general corporate purposes and a term loan facility of €75 million, which will be used to refinance the corporate bond. Both credit lines include an ESG component that provides for a margin adjustment for the achievement of certain ESG targets.





A further convertible bond of €119 million, maturing in 2028, was issued in June 2023 and as already outlined, will be used together with the term loan facility and existing liquidity for the early repayment of the secured corporate bond (original maturity in September 2024).

"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 Dr. Torsten Derr, CEO of SGL Carbon SE. "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," added Thomas Dippold, CFO of the Company.



More News from SGL CARBON SE

#Yarn & Fiber

SGL Carbon decides to restructure its Carbon Fibers business unit

The Board of Management of SGL Carbon SE today decided, with the approval of the Supervisory Board, to restructure the loss-making Carbon Fibers business unit. SGL Carbon will significantly reduce the business activities of Carbon Fibers and focus on a profitable core. Individual solutions are being developed for all Carbon Fibers sites, including the closure of unprofitable sites.

#Yarn & Fiber

SGL Carbon evaluates strategic options for the carbon fibers and appoints Dr. Denis Hinz as new head of the business unit

SGL Carbon SE is currently evaluating various strategic options for the Business Unit Carbon Fibers (CF). These include a possible partial or complete divestment of the Business Unit. In a first step, potential interested parties shall be approached promptly with the general data of the Business Unit to determine their interest in an acquisition. If there is sufficient interest, a structured transaction process will be carried out in a second step.

More News on Composites

#Composites

JEC Composites Startup Booster: 2026 winners announced

The leading global startup competition for composites and advanced materials has crowned its 2026 champions, ahead of a landmark 10th anniversary edition next year. The winners of the JEC Composites Startup Booster 2026 were announced on Wednesday, 11 March, at JEC World, recognizing the most promising emerging companies reshaping the future of composites and advanced materials.

#Yarn & Fiber

Teijin Carbon strengthens high‑end sports offering with advanced prepreg and resin technologies for next‑generation bicycle performance

High‑end bicycle manufacturers are entering a new era in which modern frames and components must be lighter, stiffer, tougher and more sustainable – all while enabling fast, repeatable and cost‑efficient production. To support this shift, Teijin Carbon is expanding its portfolio of advanced prepreg systems developed specifically for premium road, gravel and mountain bike applications.

#Composites

JEC WORLD 2026 opens: Paris becomes the World Capital of composites

JEC World 2026 opens tomorrow, March 10, at Paris Nord Villepinte, bringing together the entire composites ecosystem for three days of exhibitions, conferences, technical sessions, strategic industry gatherings, and business meetings. As the “festival of composites”, JEC World is also a destination for a broad spectrum of other professional visitors, eager to discover how these advanced materials can offer sustainable solutions to their industries.

#Composites

More affordable, environmentally friendly hydrogen pressure tanks at ITA-JEC booth

As a highlight of the JEC, the Institut für Textiltechnik (ITA) of RWTH Aachen University will be presenting hydrogen pressure tanks manufactured using multifilament winding processes at the NRW joint booth in Hall 5, Stand G65.

Latest News

#INDEX 2026

EDANA unveils nominees for INDEX™26 Awards: Highlighting the next generation of nonwoven excellence

EDANA is proud to unveil the highly anticipated nominees for the INDEX™26 Awards, the nonwoven industry’s highest accolade for technical and sustainable excellence. Out of a record-breaking field of entries, these finalists represent the cutting edge of material science—from bio-based hygiene fibers and PFAS-free protective textiles to revolutionary water-filtration machinery. Each nominee has been selected by a jury of industry experts for their ability to solve critical global challenges, including the transition to a circular economy and the pursuit of enhanced consumer performance.

#Raw Materials

Lenzing Group positions bio‑based materials as a strategic asset for Europe’s economic security

The Lenzing Group, a leading supplier of regenerated cellulose fibers for the textile and nonwovens industries, hosted a high‑level roundtable in Brussels to discuss how bio‑based materials can strengthen Europe’s economic security and support the shift toward a fossil‑free future. Organized in cooperation with Euractiv, the event brought together representatives of the European Commission, the UK Mission to the EU, academia, civil society, and industry.

#Natural Fibers

Beyond Cotton: Natural Fibres in the Spotlight at the Bremen Cotton Conference - Branded by DNFI

Climate targets, fragile supply chains, and rising regulatory requirements are fundamentally changing the perspective of the textile industry - the focus is increasingly shifting toward the base material. Not only cotton, but natural fibres are gaining significant importance: they stand out not only because of their outstanding functional properties, but also because they make a valuable contribution to the bioeconomy and responsible product development.

#Textiles & Apparel / Garment

Coats to showcase innovative reinforcement and filler materials for leather goods and accessories at APLF 2026

Coats, a world-class Tier 2 manufacturer and trusted partner for the apparel and footwear industries, will be promoting four advanced materials from its ‘Lifestyle Solutions’ portfolio at APLF 2026 in Hong Kong in March. Each innovation has been specifically engineered to help luxury and premium brands elevate the craft, durability, sustainability and creative expression required in the manufacturing of handbags, purses, and other high-end designer accessories.

TOP