Kemet to redeem all 10½% senior notes due 2018 via new notes due 2019

By Marisa Wong

Madison, Wis., Nov. 3 – Kemet Corp. plans to redeem all of its outstanding 10½% senior notes due 2018 using proceeds from a sale of senior secured notes due 2019, according to a press release.

The company will also use proceeds from the offering to reduce outstanding borrowings under its existing asset-based revolving credit facility.

Kemet is a Greenville, S.C.-based capacitor manufacturer.

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