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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