EXHIBIT 10.1.1

AMENDMENT AND RESTATEMENT AGREEMENT dated as of October 7, 2011 (this “Amendment
Agreement”), in respect of the AMENDED AND RESTATED CREDIT AGREEMENT dated as of
April 28, 2010 (as amended to date, the “Credit Agreement”), among GRAFTECH
INTERNATIONAL LTD. (“GrafTech”), GRAFTECH GLOBAL ENTERPRISES INC. (“Global”),
GRAFTECH FINANCE INC. (“Finance”), GRAFTECH SWITZERLAND, S.A. (“Swissco” and,
together with Finance, the “Borrowers”), the LC SUBSIDIARIES from time to time
party thereto, the LENDERS from time to time party thereto and JPMORGAN CHASE
BANK, N.A., as Administrative Agent.

The Borrowers have requested that the Credit Agreement be amended and restated
as set forth in Section 1 below, the parties hereto are willing so to amend the
Credit Agreement and each Lender that will have a Commitment after giving effect
to the amendment and restatement of the Credit Agreement contemplated hereby is
a party hereto.

In consideration of the premises and the agreements, provisions and covenants
herein contained, the parties hereto hereby agree, on the terms and subject to
the conditions set forth herein, as follows:

SECTION 1. Amendment and Restatement. (a) Upon the effectiveness of this
Amendment Agreement as provided in Section 2 below, the Credit Agreement
(including the Schedules and Exhibits thereto) shall be amended and restated to
read as set forth in Exhibit A attached hereto (including the Schedules and
Exhibits attached to such Exhibit A), and the Administrative Agent is hereby
directed to enter into such Loan Documents and to take such other actions as may
be required to give effect to the transactions contemplated hereby. As so
amended and restated, the Credit Agreement is hereinafter referred to as the
“Restated Credit Agreement”.

(b) From and after the effectiveness of such amendment and restatement, the
terms “Agreement”, “this Agreement”, “herein”, “hereinafter”, “hereto”, “hereof”
and words of similar import, as used in the Restated Credit Agreement, shall,
unless the context otherwise requires, refer to the Credit Agreement as amended
and restated in the form of the Restated Credit Agreement, and the term “Credit
Agreement”, as used in the Loan Documents, shall mean the Restated Credit
Agreement. Capitalized terms used but not defined herein shall have the meanings
assigned to such terms in the Restated Credit Agreement.

(c) In order to reflect the renumbering of certain Articles and Sections of the
Credit Agreement in the Restated Credit Agreement, from and after the
effectiveness of such amendment and restatement, any reference in any Loan
Document (other than the Restated Credit Agreement) to Article IV, V, VI, VII,
VIII, IX or X of the Credit Agreement shall be deemed to be a reference to
Article III, IV, V, VI, VII, VIII or IX, respectively, of the Restated Credit
Agreement, and references to Section numbers in

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such Articles of the Credit Agreement, and to Schedules identified by such
Section numbers, will be deemed changed to correspond to the numbers of the
Articles of the Restated Credit Agreement in which such Sections appear.

(d) Each LC Subsidiary that is a party hereto hereby confirms that it is a party
to the Credit Agreement and constitutes an “LC Subsidiary” for all purposes
thereof, and affirms and agrees that it is bound by all provisions of the Credit
Agreement applicable to it as an LC Subsidiary.

(e) In connection with the satisfaction of the condition set forth in clause
(h) of Section 4.01 of the Restated Credit Agreement, the Administrative Agent
and each Lender party to the Credit Agreement hereby waive any requirement set
forth in Section 2.10(d) or any other provision of the Credit Agreement that
conditions any prepayment of Loans thereunder on a delivery by a Borrower of any
prior written notice.

SECTION 2. Conditions to Effectiveness. This Amendment Agreement and the
obligations of the Lenders to make Loans and issue Letters of Credit under the
Credit Agreement as amended and restated hereby shall become effective on the
date on which the conditions specified in Section 4.01 of the Restated Credit
Agreement are satisfied (or waived in accordance with Section 9.02 of the
Restated Credit Agreement).

SECTION 3. Applicable Law. THIS AMENDMENT AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

SECTION 4. No Novation. Neither this Amendment Agreement nor the effectiveness
of the Restated Credit Agreement shall extinguish the Obligations for the
payment of money outstanding under the Credit Agreement or discharge or release,
or affect the priority of, the Lien of any Loan Document or any other security
therefor or any guarantee thereof, and the liens and security interests in favor
of the Administrative Agent for the benefit of the Secured Parties securing
payment of the Obligations are in all respects continuing and in full force and
effect with respect to all Obligations. Nothing herein contained shall be
construed as a substitution or novation, or a payment and reborrowing, or a
termination, of the Obligations outstanding under the Credit Agreement or
instruments guaranteeing or securing the same, except as amended, amended and
restated or modified hereby or by instruments executed concurrently herewith.

SECTION 5. Counterparts. This Amendment Agreement may be executed in two or more
counterparts, each of which shall constitute an original but all of which when
taken together shall constitute one contract. Delivery of an executed
counterpart of a signature page of this Amendment Agreement by facsimile or
email transmission shall be effective as delivery of a manually executed
counterpart of this Amendment Agreement. This Amendment Agreement shall
constitute a “Loan Document” for all purposes of the Restated Credit Agreement
and the other Loan Documents.

 

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SECTION 6. Expenses. The Borrowers agree to reimburse the Administrative Agent
for all reasonable out-of-pocket expenses incurred by it in connection with this
Amendment Agreement, including the reasonable fees, charges and disbursements of
Cravath, Swaine & Moore LLP, counsel for the Administrative Agent, and of
foreign counsel acting for the Administrative Agent.

SECTION 7. Headings. The headings of this Amendment Agreement are for purposes
of reference only and shall not limit or otherwise affect the meaning hereof.

[Remainder of page intentionally left blank]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment Agreement to
be duly executed by their respective authorized officers as of the day and year
first above written.

 

GRAFTECH INTERNATIONAL LTD.,   by      

/s/ John D. Moran

    Name:   John D. Moran     Title:   Secretary and Attorney-in-Fact GRAFTECH
GLOBAL ENTERPRISES INC.,   By      

/s/ John D. Moran

    Name:   John D. Moran     Title:   Assistant Secretary and Attorney-in-Fact
GRAFTECH FINANCE INC.,   By      

/s/ John D. Moran

    Name:   John D. Moran     Title:   Secretary and Attorney-in-Fact GRAFTECH
SWITZERLAND, S.A.,   By      

/s/ John D. Moran

    Name:   John D. Moran     Title:   Attorney-in-Fact JPMORGAN CHASE BANK,
N.A., individually and as Administrative Agent, Collateral Agent, Issuing Bank
and Swingline Lender,   By      

/s/ Brian Knapp

    Name:   Brian Knapp     Title:   Vice President

 

[SIGNATURE PAGE TO AMENDMENT AND RESTATEMENT AGREEMENT]

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GRAFTECH INTERNATIONAL HOLDINGS INC.,

as LC Subsidiary,

  By      

/s/ John D. Moran

    Name:   John D. Moran     Title:   Secretary and Attorney-in-Fact

GRAFTECH S.P.A.,

as LC Subsidiary,

  By      

/s/ John D. Moran

    Name:   John D. Moran     Title:   Attorney-in-Fact

GRAFTECH CANADA ULC,

as LC Subsidiary,

  By      

/s/ John D. Moran

    Name:   John D. Moran     Title:   Attorney-in-Fact

 

[SIGNATURE PAGE TO AMENDMENT AND RESTATEMENT AGREEMENT]

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SIGNATURE PAGE TO

AMENDMENT & RESTATEMENT AGREEMENT

DATED AS OF OCTOBER 7, 2011

Signature Page to Be Executed by Lenders

Under the Amended and Restated Credit Agreement

 

SIGNATURE PAGE to the AMENDMENT AGREEMENT dated as of OCTOBER 7, 2011, in
respect of the CREDIT AGREEMENT dated as of April 28, 2010, among GRAFTECH
INTERNATIONAL LTD., GRAFTECH GLOBAL ENTERPRISES INC., GRAFTECH FINANCE INC.,
GRAFTECH SWITZERLAND, S.A., the LC SUBSIDIARIES from time to time party thereto,
the LENDERS from time to time party thereto and JPMORGAN CHASE BANK, N.A., as
Administrative Agent. Lender:  

Bank of America, N.A.

  By:  

/s/ Kenneth G. Wood

    Name:   Kenneth G. Wood     Title:   Senior Vice President

 

[SIGNATURE PAGE TO AMENDMENT AND RESTATEMENT AGREEMENT]

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SIGNATURE PAGE TO

AMENDMENT & RESTATEMENT AGREEMENT

DATED AS OF OCTOBER 7, 2011

 

Signature Page to Be Executed by Lenders

Under the Amended and Restated Credit Agreement

 

SIGNATURE PAGE to the AMENDMENT AGREEMENT dated as of OCTOBER 7, 2011, in
respect of the CREDIT AGREEMENT dated as of April 28, 2010, among GRAFTECH
INTERNATIONAL LTD., GRAFTECH GLOBAL ENTERPRISES INC., GRAFTECH FINANCE INC.,
GRAFTECH SWITZERLAND, S.A., the LC SUBSIDIARIES from time to time party thereto,
the LENDERS from time to time party thereto and JPMORGAN CHASE BANK, N.A., as
Administrative Agent. Lender:  

BNP Paribas

  By:  

/s/ Michael A. Kowalczuk

    Name:   Michael A. Kowalczuk     Title:   Director   By:  

/s/ Melissa Bailey

    Name:   Melissa Bailey     Title:   Vice President

 

[SIGNATURE PAGE TO AMENDMENT AND RESTATEMENT AGREEMENT]

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SIGNATURE PAGE TO

AMENDMENT & RESTATEMENT AGREEMENT

DATED AS OF OCTOBER 7, 2011

 

Signature Page to Be Executed by Lenders

Under the Amended and Restated Credit Agreement

 

SIGNATURE PAGE to the AMENDMENT AGREEMENT dated as of OCTOBER 7, 2011, in
respect of the CREDIT AGREEMENT dated as of April 28, 2010, among GRAFTECH
INTERNATIONAL LTD., GRAFTECH GLOBAL ENTERPRISES INC., GRAFTECH FINANCE INC.,
GRAFTECH SWITZERLAND, S.A., the LC SUBSIDIARIES from time to time party thereto,
the LENDERS from time to time party thereto and JPMORGAN CHASE BANK, N.A., as
Administrative Agent. Lender:  

Bank of the West

  By:  

/s/ Sidney Jordan

    Name:   Sidney Jordan     Title:   Vice President

 

For any Lender requiring a second signature block:   By:  

 

    Name:       Title:  

 

[SIGNATURE PAGE TO AMENDMENT AND RESTATEMENT AGREEMENT]

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SIGNATURE PAGE TO

AMENDMENT & RESTATEMENT AGREEMENT

DATED AS OF OCTOBER 7, 2011

 

Signature Page to Be Executed by Lenders

Under the Amended and Restated Credit Agreement

 

SIGNATURE PAGE to the AMENDMENT AGREEMENT dated as of OCTOBER 7, 2011, in
respect of the CREDIT AGREEMENT dated as of April 28, 2010, among GRAFTECH
INTERNATIONAL LTD., GRAFTECH GLOBAL ENTERPRISES INC., GRAFTECH FINANCE INC.,
GRAFTECH SWITZERLAND, S.A., the LC SUBSIDIARIES from time to time party thereto,
the LENDERS from time to time party thereto and JPMORGAN CHASE BANK, N.A., as
Administrative Agent. Lender:  

The Royal Bank of Scotland plc

  By:  

/s/ Paul Chisholm

    Name:   Paul Chisholm     Title:   Vice President

 

[SIGNATURE PAGE TO AMENDMENT AND RESTATEMENT AGREEMENT]

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SIGNATURE PAGE TO

AMENDMENT & RESTATEMENT AGREEMENT

DATED AS OF OCTOBER 7, 2011

 

Signature Page to Be Executed by Lenders

Under the Amended and Restated Credit Agreement

 

SIGNATURE PAGE to the AMENDMENT AGREEMENT dated as of OCTOBER 7, 2011, in
respect of the CREDIT AGREEMENT dated as of April 28, 2010, among GRAFTECH
INTERNATIONAL LTD., GRAFTECH GLOBAL ENTERPRISES INC., GRAFTECH FINANCE INC.,
GRAFTECH SWITZERLAND, S.A., the LC SUBSIDIARIES from time to time party thereto,
the LENDERS from time to time party thereto and JPMORGAN CHASE BANK, N.A., as
Administrative Agent. Lender:  

Wells Fargo Bank, National Association

  By:  

/s/ Jeffrey White

    Name:   Jeffrey White     Title:   Vice President

 

[SIGNATURE PAGE TO AMENDMENT AND RESTATEMENT AGREEMENT]

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SIGNATURE PAGE TO

AMENDMENT & RESTATEMENT AGREEMENT

DATED AS OF OCTOBER 7, 2011

 

Signature Page to Be Executed by Lenders

Under the Amended and Restated Credit Agreement

 

SIGNATURE PAGE to the AMENDMENT AGREEMENT dated as of OCTOBER 7, 2011, in
respect of the CREDIT AGREEMENT dated as of April 28, 2010, among GRAFTECH
INTERNATIONAL LTD., GRAFTECH GLOBAL ENTERPRISES INC., GRAFTECH FINANCE INC.,
GRAFTECH SWITZERLAND, S.A., the LC SUBSIDIARIES from time to time party thereto,
the LENDERS from time to time party thereto and JPMORGAN CHASE BANK, N.A., as
Administrative Agent.

Lender:

 

PNC Bank, National Association

  By:  

/s/ Christian S. Brown

    Name:   Christian S. Brown     Title:   Senior Vice President For any Lender
requiring a second signature block:   By:  

 

    Name:       Title:  

 

[SIGNATURE PAGE TO AMENDMENT AND RESTATEMENT AGREEMENT]

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SIGNATURE PAGE TO

AMENDMENT & RESTATEMENT AGREEMENT

DATED AS OF OCTOBER 7, 2011

 

Signature Page to Be Executed by Lenders

Under the Amended and Restated Credit Agreement

 

SIGNATURE PAGE to the AMENDMENT AGREEMENT dated as of OCTOBER 7, 2011, in
respect of the CREDIT AGREEMENT dated as of April 28, 2010, among GRAFTECH
INTERNATIONAL LTD., GRAFTECH GLOBAL ENTERPRISES INC., GRAFTECH FINANCE INC.,
GRAFTECH SWITZERLAND, S.A., the LC SUBSIDIARIES from time to time party thereto,
the LENDERS from time to time party thereto and JPMORGAN CHASE BANK, N.A., as
Administrative Agent.

Lender:

 

KEYBANK NATIONAL ASSOCIATION

  By:  

/s/ Brian P. Fox

    Name:   Brian P. Fox     Title:   Vice President For any Lender requiring a
second signature block:   By:  

 

    Name:       Title:  

 

[SIGNATURE PAGE TO AMENDMENT AND RESTATEMENT AGREEMENT]

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SIGNATURE PAGE TO

AMENDMENT & RESTATEMENT AGREEMENT

DATED AS OF OCTOBER 7, 2011

 

Signature Page to Be Executed by Lenders

Under the Amended and Restated Credit Agreement

 

SIGNATURE PAGE to the AMENDMENT AGREEMENT dated as of OCTOBER 7, 2011, in
respect of the CREDIT AGREEMENT dated as of April 28, 2010, among GRAFTECH
INTERNATIONAL LTD., GRAFTECH GLOBAL ENTERPRISES INC., GRAFTECH FINANCE INC.,
GRAFTECH SWITZERLAND, S.A., the LC SUBSIDIARIES from time to time party thereto,
the LENDERS from time to time party thereto and JPMORGAN CHASE BANK, N.A., as
Administrative Agent.

Lender:

 

The Bank of Nova Scotia

  By:  

/s/ David Mahmood

    Name:   David Mahmood     Title:   Managing Director

 

[SIGNATURE PAGE TO AMENDMENT AND RESTATEMENT AGREEMENT]

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SIGNATURE PAGE TO

AMENDMENT & RESTATEMENT AGREEMENT

DATED AS OF OCTOBER 7, 2011

 

Signature Page to Be Executed by Lenders

Under the Amended and Restated Credit Agreement

 

SIGNATURE PAGE to the AMENDMENT AGREEMENT dated as of OCTOBER 7, 2011, in
respect of the CREDIT AGREEMENT dated as of April 28, 2010, among GRAFTECH
INTERNATIONAL LTD., GRAFTECH GLOBAL ENTERPRISES INC., GRAFTECH FINANCE INC.,
GRAFTECH SWITZERLAND, S.A., the LC SUBSIDIARIES from time to time party thereto,
the LENDERS from time to time party thereto and JPMORGAN CHASE BANK, N.A., as
Administrative Agent.

Lender:

 

Sovereign Bank

  By:  

/s/ Thomas J. Devitt

    Name:   Thomas J. Devitt     Title:   Senior Vice President

 

[SIGNATURE PAGE TO AMENDMENT AND RESTATEMENT AGREEMENT]

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SIGNATURE PAGE TO

AMENDMENT & RESTATEMENT AGREEMENT

DATED AS OF OCTOBER 7, 2011

 

Signature Page to Be Executed by Lenders

Under the Amended and Restated Credit Agreement

 

SIGNATURE PAGE to the AMENDMENT AGREEMENT dated as of OCTOBER 7, 2011, in
respect of the CREDIT AGREEMENT dated as of April 28, 2010, among GRAFTECH
INTERNATIONAL LTD., GRAFTECH GLOBAL ENTERPRISES INC., GRAFTECH FINANCE INC.,
GRAFTECH SWITZERLAND, S.A., the LC SUBSIDIARIES from time to time party thereto,
the LENDERS from time to time party thereto and JPMORGAN CHASE BANK, N.A., as
Administrative Agent.

Lender:

 

The Huntington National Bank

  By:  

/s/ Brian H. Gallagher

    Name:   Brian H. Gallagher     Title:   Senior Vice President

 

[SIGNATURE PAGE TO AMENDMENT AND RESTATEMENT AGREEMENT]

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SIGNATURE PAGE TO

AMENDMENT & RESTATEMENT AGREEMENT

DATED AS OF OCTOBER 7, 2011

 

Signature Page to Be Executed by Lenders

Under the Amended and Restated Credit Agreement

 

SIGNATURE PAGE to the AMENDMENT AGREEMENT dated as of OCTOBER 7, 2011, in
respect of the CREDIT AGREEMENT dated as of April 28, 2010, among GRAFTECH
INTERNATIONAL LTD., GRAFTECH GLOBAL ENTERPRISES INC., GRAFTECH FINANCE INC.,
GRAFTECH SWITZERLAND, S.A., the LC SUBSIDIARIES from time to time party thereto,
the LENDERS from time to time party thereto and JPMORGAN CHASE BANK, N.A., as
Administrative Agent.

Lender:

 

U.S. Bank National Association

  By:  

/s/ Kenneth R. Fieler

    Name:   Kenneth R. Fieler     Title:   Vice President For any Lender
requiring a second signature block:   By:  

 

    Name:       Title:  

 

[SIGNATURE PAGE TO AMENDMENT AND RESTATEMENT AGREEMENT]

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SIGNATURE PAGE TO

AMENDMENT & RESTATEMENT AGREEMENT

DATED AS OF OCTOBER 7, 2011

 

Signature Page to Be Executed by Lenders

Under the Amended and Restated Credit Agreement

 

SIGNATURE PAGE to the AMENDMENT AGREEMENT dated as of OCTOBER 7, 2011, in
respect of the CREDIT AGREEMENT dated as of April 28, 2010, among GRAFTECH
INTERNATIONAL LTD., GRAFTECH GLOBAL ENTERPRISES INC., GRAFTECH FINANCE INC.,
GRAFTECH SWITZERLAND, S.A., the LC SUBSIDIARIES from time to time party thereto,
the LENDERS from time to time party thereto and JPMORGAN CHASE BANK, N.A., as
Administrative Agent.

Lender:

 

Fifth Third Bank

  By:  

/s/ Martin H. McGinty

    Name:   Martin H. McGinty     Title:   Vice President For any Lender
requiring a second signature block:   By:  

 

    Name:       Title:  

 

[SIGNATURE PAGE TO AMENDMENT AND RESTATEMENT AGREEMENT]

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SIGNATURE PAGE TO

AMENDMENT & RESTATEMENT AGREEMENT

DATED AS OF OCTOBER 7, 2011

 

Signature Page to Be Executed by Lenders

Under the Amended and Restated Credit Agreement

 

SIGNATURE PAGE to the AMENDMENT AGREEMENT dated as of OCTOBER 7, 2011, in
respect of the CREDIT AGREEMENT dated as of April 28, 2010, among GRAFTECH
INTERNATIONAL LTD., GRAFTECH GLOBAL ENTERPRISES INC., GRAFTECH FINANCE INC.,
GRAFTECH SWITZERLAND, S.A., the LC SUBSIDIARIES from time to time party thereto,
the LENDERS from time to time party thereto and JPMORGAN CHASE BANK, N.A., as
Administrative Agent.

Lender:

 

BANQUE CANTONALE VAUDOISE

  By:  

/s/ Olivier Deurin

    Name:   Olivier Deurin     Title:   Vice President For any Lender requiring
a second signature block:   By:  

/s/ Laurent Micheli

    Name:   Laurent Micheli     Title:   Assistant Vice President

 

[SIGNATURE PAGE TO AMENDMENT AND RESTATEMENT AGREEMENT]

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EXHIBIT A

Amended and Restated Credit Agreement

See attached.

[SIGNATURE PAGE TO AMENDMENT AND RESTATEMENT AGREEMENT]