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Kemet buys back $93.92 million in 2.25% convertible notes due 2026
By Devika Patel
Knoxville, Tenn., June 30 - Kemet Corp. bought back $93.92 million of its 2.25% convertible senior notes due 2026 in a tender offer that expired on June 26, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The securities were bought at a purchase price of $400 per $1,000 in notes.
The company financed the offer with a term loan under a credit facility with K Financing, LLC, an affiliate of Platinum Equity Capital Partners II, LP.
Deutsche Bank Securities Inc. (800 503-4611) is the dealer manager. D.F. King & Co. (800 431-9643 or 212 269-5550) is the information agent.
Kemet is a Simpsonville, S.C.-based manufacturer of tantalum, multilayer ceramic, film, electrolytic paper and solid aluminum capacitors.
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