 LONDON, March 28, 2021 GLOBE NEWSWIRE -- Ferroglobe PLC NASDAQ: GSM the Company announces that it has reached an agreement in principle on the terms of the financing proposal, which was previously detailed in the Companys release on February 1, 2021, relating to a 100 million capital raise, consisting of issuances of new debt and equity, and a three-year extension of its 9.375 Senior Notes due 2022. On March 27, 2021, the Company entered into a lock-up agreement the Lock-Up Agreement with members of an Ad Hoc Group, being existing note holders representing in aggregate approximately 60 of the 2022 Senior Notes, and Tyrus Capital Tyrus as backstop provider in respect of a 40 million equity raise forming part of the transaction. 