Kemet restructures and extends €35 million credit facility

By Sara Rosenberg

New York, April 7 - Kemet Corp. reworked and extended its €35 million credit facility with UniCredit Corporate Banking SpA, according to a news release.

The facility now expires on July 1, 2011 as opposed to on April 9, 2009.

Pricing on the unsecured facility is Euribor plus 250 basis points.

Amortization is three installments of €2 million each on Jan. 1, 2010, July 1, 2010 and Jan. 1, 2011, and a fourth payment in the amount of €29 million at maturity.

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

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