General Cable Corporation Announces $325.0 Million Offering of Senior Notes



    HIGHLAND HEIGHTS, KY., March 6 /CNW/ - General Cable Corporation (the
"Company"), (NYSE:  BGC), announced today that it has commenced a private
offering, subject to market conditions, of $325.0 million in aggregate
principal amount of senior floating rate notes and senior fixed rate notes
(together, the "Notes"). The Company expects the net proceeds from this
offering will be used to fund the recently announced tender offer for any and
all of the Company's outstanding $285.0 million in aggregate principal amount
of 9.5% Senior Notes due 2010, with any remaining net proceeds to be used for
general corporate purposes.

    The Notes will be sold within the United States to qualified
institutional buyers in reliance on Rule 144A under the Securities Act of
1933, as amended (the "Securities Act"). The Notes have not been registered
under the Securities Act or any state securities laws, and unless so
registered, may not be offered or sold in the United States except pursuant to
an exemption from the registration requirements of the Securities Act and
applicable state laws. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy any of these Notes, nor shall it
constitute an offer, solicitation or sale in any jurisdiction in which such
offer, solicitation or sale is unlawful.

    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 service 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 senior 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 that 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 Annual 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

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890