General Cable Corporation Announces Closing of $325.0 Million of Senior Notes Offering

    HIGHLAND HEIGHTS, KY., March 21 /CNW/ - General Cable Corporation (the
"Company"), (NYSE:  BGC), announced today that it has closed its previously
announced private offering of $325.0 million of senior notes, comprised of
$200.0 million in aggregate principal amount of 7.125% Senior Fixed Rate Notes
due 2017 and $125.0 million in aggregate principal amount of Senior Floating
Rate Notes due 2015 (collectively, the "Notes").

    The Company intends to use net proceeds from the sale of the Notes to
redeem up to $285.0 million in aggregate principal amount of 9.5% Senior Notes
due 2010 ("9.5% Notes") (including approximately $280.0 million of its 9.5%
Notes validly tendered and not withdrawn on or prior to March 15, 2007 in the
Company's previously announced tender offer and consent solicitation), and for
general corporate purposes.

    The Notes were offered to qualified institutional buyers in accordance
with Rule 144A of 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, or in a transaction
not subject to, the registration requirements of the Securities Act and
applicable state securities laws.

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

    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

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