Kemet readies launch of $345 million term loan B for Tuesday

By Sara Rosenberg

New York, April 3 – Kemet Corp. is scheduled to hold a meeting on Tuesday to launch a $345 million senior secured covenant-light term loan B (B3/B), according to a market source.

Bank of America Merrill Lynch is the lead bank on the deal.

Proceeds will be used to help refinance notes due 2018, the source said.

Kemet is a Simpsonville, S.C.-based supplier of electronic components.

© 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.