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Article: KEMET Announces Closing of New Medium-Term Credit Facility.
- Article from:
- Electronics Newsweekly
- Article date:
- November 5, 2008
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KEMET Corporation (NYSE:KEM) announced that it has completed the closing and funding of a new medium-term credit facility (the "Credit Facility") in the principal amount of EUR 60.0 million with UniCredit Corporate Banking S.p.A., formerly UniCredit Banca d'Impresa S.p.A. ("UniCredit"), a financial institution headquartered in Italy and part of the Milan-based UniCredit Group. Proceeds of the Credit Facility in the amount of EUR 50.0 million were used to pay off an existing short-term credit facility with UniCredit with a scheduled maturity date of December 2008. Additional proceeds from the Credit Facility in the amount of EUR 10.0 million were applied to reduce the ...