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Article: United States: KEMET enters into agreement for new credit facility.

Article from:
TendersInfo
Article date:
October 1, 2008
Copyright

Byline: pinto03

KEMET Corporation today announced that it has entered into a new medium-term credit facility in the principal amount of EUR 60.0 million(usd 86 m) (Facility A) and received a commitment for a EUR 35.0 million(usd 50.1 m) credit facility (Facility B) with UniCredit Corporate Banking S.p.A. ("UniCredit"), a financial institution headquartered in Italy and part of the Milan-based UniCredit Group. These two facilities replace a EUR 95.0 million(usd 136.1 m) credit facility with UniCredit that KEMET previously announced on July 30, 2008. Closing on Facility A is expected to occur in approximately two weeks. Closing on Facility B is expected to occur as ...

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