Key Developments: KEMET Corp (KEM)
4.43USD
23 May 2013
$0.06 (+1.37%)
$4.37
$4.33
$4.44
$4.30
190,805
244,106
$6.97
$3.68
Latest Key Developments (Source: Significant Developments)
KEMET Corp Launches New Line Of Industrial Grade Safety Disc Capacitors
KEMET Corp announced the release of the new Radial Through Hole Ceramic Safety Disc Capacitors. Safety Certified capacitors are classified as either X and/or Y capacitors. Class X capacitors are primarily used in line-to-line (across-the-line) applications. In this application there is no danger of electric shock to humans should the capacitor fail, but could result in a risk of fire. The class Y capacitor is primarily used in line-to-ground (line by-pass) applications. In this application, failure of the capacitor could lead to danger of electric shock. Typical markets include alternative energy, industrial/lighting, medical, and telecommunications. The Safety Disc capacitors complement KEMET's ERO610, ERK610, ERP610, KJY, KJN series, and FILM EMI suppression capacitors. Full Article
KEMET Corp Issues Q1 2014 Revenue Guidance In Line With Analysts' Estimates-Conference Call
KEMET Corp announced that for the first quarter of 2014, once again it expect to see a revenue picture that is more or less flat to fourth quarter of 2014. The Company reported revenues of $203 million in the fourth quarter of 2013. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $208 million for the first quarter of 2014. Full Article
KEMET Corp Issues Q4 2013 Revenue Guidance In Line With Analysts' Estimates-Conference Call
KEMET Corp announced that for fourth quarter of 2013, it expects revenue to be more or less flat. The Company reported revenue of $200.30 million in third quarter of 2013. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $206 million for fourth quarter of 2013. Full Article
KEMET Corp Issues Q3 2013 Revenue Guidance Above Analysts' Estimates-Conference Call
KEMET Corp announced that for third quarter of 2013, it expects revenue to decline approximately 4%-9% from second quarter of 2013. The Company reported revenue of $215.99 million in second quarter of 2013. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of revenue of $219 million for third quarter of 2013. Full Article
KEMET Corp and Modelithics Partner To Provide RF And Microwave Engineers Global Capacitor Models
KEMET Corp and Modelithics announced that they have partnered to provide accurate and scalable Global models of KEMET's CBR Series of capacitors, sizes 0201, 0402, 0603, and 0805, for RF and microwave applications. Full Article
KEMET Corporation Issues Q2 2013 Revenue Guidance In Line With Analysts' Estimates-Conference Call
KEMET Corporation announced that for the second quarter of 2013, it expects revenue relatively flat versus the first quarter of 2013. The Company reported revenue of $223.63 million in the first quarter of 2013. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $225 million for the second quarter of 2013. Full Article
KEMET Corporation's KEMET Electronics Corporation Receives Clearance From European Commission On Acquisition Of 34% Interest In NEC Tokin
KEMET Corporation, announced that it received regulatory clearance from the European Commission under the European Union (EU) Merger Regulation for its proposed acquisition of a 34% interest in NEC Tokin by KEMET Electronics Corporation, its wholly owned subsidiary. As previously announced on March 12, 2012, KEMET entered into a definitive agreement to acquire this interest for $50 million. The transaction remains subject to satisfaction of customary closing conditions, including receipt of required regulatory approval in China. While a definitive closing date cannot yet be determined, KEMET continues to expect that the transaction will close during its second fiscal quarter, ending September 30, 2012. Full Article
KEMET Corporation Issues Q1 2013 Revenue Guidance In Line With Analysts' Estimates-Conference Call
KEMET Corporation announced that for the first quarter of 2013, it see revenue increasing within a range of 3% to 5% compared to this March quarter. The Company reported revenues of $210.67 million in the fourth quarter of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $222 million for the first quarter of 2013. Full Article
KEMET Corporation Announces Completion Of Offering Of $15,000,000 Of 10 1/2% Senior Notes Due 2018
KEMET Corporation announced that it has completed an offering of $15 million of aggregate principal amount of 10 1/2% Senior Notes due 2018 (the Senior Notes) to qualified institutional buyers within the United States pursuant to Rule 144A under the Securities Act of 1933, as amended, and to persons outside the United States pursuant to Regulation S under the Securities Act. The Senior Notes were issued at a price of 105.500% of their principal amount plus accrued interest from November 1, 2011. The Senior Notes have identical terms to, and are expected to be treated as a single class with, the $230 million in aggregate principal amount of 10 1/2% Senior Notes due 2018 issued on May 5, 2010 and the $110 million in aggregate principal amount of 10 1/2% Senior Notes due 2018 issued on March 27, 2012. The Senior Notes are senior obligations of KEMET and are guaranteed by each of KEMET's domestic restricted subsidiaries and secured by a priority lien on 51% of the capital stock of certain of KEMET's foreign restricted subsidiaries. KEMET intends to use the net proceeds from the sale of the Senior Notes, together with the net proceeds from the sale of the $110 million aggregate principal amount of 10 1/2% Senior Notes due 2018 issued on March 27, 2012, to finance a portion of the acquisition of Niotan Incorporated, make the initial payment to acquire a portion of NEC TOKIN Corporation, pay related transactions fees and expenses and for general corporate purposes. Full Article
KEMET Corporation Announces Completion Of Offering Of $110,000,000 Of 10 1/2% Senior Notes Due 2018
KEMET Corporation announced that it has completed a previously announced offering of $110 million of aggregate principal amount of 10 1/2% senior notes due 2018 (the "Senior Notes") to qualified institutional buyers within the United States pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to persons outside the United States pursuant to Regulation S under the Securities Act. The Senior Notes were issued at a price of 105.500% of their principal amount plus accrued interest from November 1, 2011. The Senior Notes have identical terms to, and are expected to be treated as a single class with, the $230 million in aggregate principal amount of 10 1/2% Senior Notes due 2018 issued on May 5, 2010. The Senior Notes are senior obligations of KEMET and are guaranteed by each of KEMET's domestic restricted subsidiaries and secured by a first priority lien on 51% of the capital stock of certain of KEMET's foreign restricted subsidiaries. KEMET intends to use the net proceeds from the sale of the Senior Notes to finance a portion of the acquisition of Niotan Incorporated, make the initial payment to acquire a portion of NEC TOKIN Corporation, pay related transactions fees and expenses and for general corporate purposes. Full Article
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