Kemet gets €95 million credit facility

By Sara Rosenberg

New York, July 30 - Kemet Corp. entered into a new €95 million six-year unsecured credit facility, according to a news release.

UniCredit Corporate Banking acted as the lead bank on the deal.

Pricing on the facility is Euribor plus 170 basis points.

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

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.