logo
Share SHARE
FONT-SIZE Plus   Neg

KEMET Prices $110 Mln Of Senior Notes

KEMET Corp. (KEM: Quote) said Thursday that it has priced an offering of $110 million of aggregate principal amount of 10-1/2% senior notes due 2018.

This represents an increase of $10 million from the initial offering terms announced earlier Thursday. The Senior Notes are priced at 105.5% on a principal amount of $110 million plus accrued interest from November 1, 2011.

The sale of the senior notes is expected to be completed on or about March 27.

KEMET plans to use the net proceeds from the sale of the senior notes to finance a portion of the acquisition of Niotan Inc., make the initial payment to acquire a portion of NEC TOKIN Corp., pay related transactions fees and expenses and for general corporate purposes.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Apple will unveil its Apple Watch with a battery that may last only 2.5 to 4 hours on very active use, according to a report in 9to5mac. "People with knowledge of the Apple Watch's development have provided us with the specific performance targets Apple wants to achieve for the Apple Watch battery,... HARMAN International Industries, Inc. (HAR) announced it has signed an agreement with Symphony Technology Group to acquire Symphony Teleca, a privately-held global software services company. Check out this story for a look at some of We are just a few weeks into 2015 and it has already been a busy year for merger deals and merger talks. Here is a list of some of the M&A stories that have made headlines so far in 2015.
comments powered by Disqus
RELATED NEWS
Trade KEM now with 
Follow RTT