General Cable Announces Pricing of $325.0 Million of Senior Notes



    HIGHLAND HEIGHTS, KY., March 15 /CNW/ - General Cable Corporation (the
"Company"), (NYSE:  BGC), announced today the pricing of its offering of $325.0
million in aggregate principal amount of senior notes, comprised of $200.0
million of senior fixed rate notes due 2017 (the "Senior Fixed Notes") and
$125.0 million of senior floating rate notes due 2015 (the "Senior Floating
Notes" and together with the Senior Fixed Notes, the "Notes"). The Company
intends to use a substantial portion of the net proceeds from the sale of the
Notes to purchase any and all of its outstanding 9.5% Senior Notes due 2010
pursuant to its concurrent tender offer and consent solicitation announced on
March 6, 2007.

    Interest on the Senior Floating Rate Notes is payable in cash on a
quarterly basis and will accrue at the three month LIBOR rate plus 237.5 basis
points. Interest on the Senior Fixed Rate Notes is payable in cash on a semi
annual basis and will accrue at a rate of 7.125% per annum.

    The Notes will be general unsecured obligations of the Company, and will
be guaranteed on an unsecured senior basis by certain of the Company's
existing and future domestic subsidiaries.

    The offering of the Notes is being made by means of a private placement
to qualified institutional buyers pursuant to Rule 144A under the Securities
Act of 1933, as amended (the "Securities Act").

    The Notes have not been registered under the Securities Act or applicable
state securities laws and, unless so registered, may not be offered or sold in
the United States absent registration or an applicable exemption from, or in a
transaction not subject to, the registration requirements of the Securities
Act and applicable securities laws.

    This press release does not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the Notes in
any jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
jurisdiction.

    Certain statements in this press release, including without limitation,
statements regarding future financial results and performance, plans and
objectives, capital expenditures and the Company's or management's beliefs,
expectations or opinions, are forward-looking statements. Actual results may
differ materially from those statements as a result of factors, risks and
uncertainties over which the Company has no control. Such factors include the
Company's ability to maintain access to the capital markets to finance( on
terms favorable to the Company) the purchases of the notes tendered in the
offer, reliance on dividends and other transfers from subsidiaries to repay
indebtedness, ability to serve outstanding indebtedness, the Company's failure
to comply with covenants in existing and future financing arrangements,
covenants contained in existing indebtedness that restrict the Company's
business operations, downgrade in the Company's credit ratings, ability to
repurchase outstanding notes, ability to pay the conversion price on
convertible notes, the economic strength and competitive nature of the
geographic markets that the Company serves; economic, political and other
risks of maintaining facilities and selling products in foreign countries;
changes in industry standards and regulatory requirements; advancing
technologies, such as fiber optic and wireless technologies; volatility in the
price of copper and other raw materials, as well as fuel and energy and the
Company's ability to reflect such volatility in its selling prices;
interruption of supplies from the Company's key suppliers; the failure to
negotiate extensions of the Company's labor agreements on acceptable terms;
the Company's ability to increase manufacturing capacity and achieve
productivity improvements; the Company's dependence upon distributors and
retailers for non-exclusive sales of certain of the Company's products;
pricing pressures in the Company's end markets; the Company's ability to
maintain the uncommitted accounts payable or accounts receivable financing
arrangements in its European operations; the impact of any additional charges
in connection with plant closures and the Company's inventory accounting
practices; the impact of certain asbestos litigation, unexpected judgments or
settlements and environmental liabilities; the ability to successfully
identify, finance and integrate acquisitions; the impact of terrorist attacks
or acts of war which may affect the markets in which the Company operates; the
Company's ability to retain key employees; the Company's ability to service
debt requirements and maintain adequate domestic and international credit
facilities and credit lines; the impact on the Company's operating results of
its pension accounting practices; the Company's ability to avoid limitations
on utilization of net losses for income tax purposes; volatility in the market
price of the Company's common stock all of which are more fully discussed in
the Company's Report on Form 10-K filed with the Securities and Exchange
Commission on March 1, 2007, as well as any current and periodic reports filed
with the Commission. The Company undertakes no obligation to release publicly
the result of any revisions to these forward-looking statements that may be
made to reflect events or circumstances after the date hereof or to reflect
the occurrence of unanticipated events.




For further information:

For further information: General Cable Corporation Michael P. Dickerson,
859-572-8684 Vice President of Finance and Investor Relations

Organization Profile

GENERAL CABLE CORPORATION

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