Ferroglobe Announces the Giving of Notice of Redemption of 9.0% Senior Secured Notes Due 2025

LONDON, July 11, 2022 (GLOBE NEWSWIRE) -- Ferroglobe PLC (the "Parent" or "Ferroglobe") and Ferroglobe Finance Company, PLC (the "Issuer") today announce the giving of a notice of redemption of all of the 9.0% Senior Secured Notes due 2025 issued by the Issuer (the "Notes") at 100% of the principal amount thereof plus accrued interest.  On the date hereof, $60 million in aggregate principal amount was outstanding.  The redemption date is expected to be July 21, 2022. The Notes are expected to be redeemed with cash on the balance sheet. Beatriz Garcia-Cos, the Chief Financial Officer of Ferroglobe commented, "Over the past few months we highlighted our expectation of an acceleration in cash flow generation, enabling us the opportunity to significantly decrease our gross debt. The redemption of the 9% senior ... Full story available on Benzinga.com