Kemet gets commitment for €95 million term loan

By Sara Rosenberg

New York, June 3 - Kemet Corp. has received a commitment for a new €95 million six-year unsecured term loan, according to a news release.

UniCredit Corporate Banking is the lead bank on the deal.

Pricing on the term loan is Libor plus 170 basis points.

Proceeds will be used to refinance two existing credit facilities with UniCredit totaling €96.8 million that are scheduled to mature in December 2008 and April 2009.

Kemet is a Simpsonville, S.C.-based manufacturer of tantalum, multilayer ceramic and solid aluminum capacitors.

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