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Kemet to repay borrowings under revolver with proceeds from new notes
By Marisa Wong
Madison, Wis., Nov. 3 – Kemet Corp. plans to reduce outstanding borrowings under its existing asset-based revolving credit facility using proceeds from a sale of senior secured notes due 2019, according to a press release.
Proceeds from the offering will also be used to redeem all of the company’s outstanding 10˝% senior notes due 2018.
Kemet is a Greenville, S.C.-based capacitor manufacturer.
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