HIGHLAND HEIGHTS, KY., April 3 /CNW/ - General Cable Corporation (the
"Company"), (NYSE: BGC), announced today the completion of its cash tender
offer (the "Offer") for its 9.5% Senior Notes due 2010 (the "Notes").
The Offer expired at 12:00 midnight, New York City time, on Monday, April
2, 2007 (the "Expiration Time"), with approximately $280.1 million in
aggregate principal amount of the Notes tendered and accepted for purchase,
representing approximately 98% of the outstanding Notes. An aggregate
principal amount of approximately $4.9 million of Notes remain outstanding.
The approximately $280.0 million in aggregate principal amount of the
Notes which were validly tendered as of 5:00 p.m., New York City time, on
March 15, 2007 (the "Consent Expiration") were redeemed as of March 21, 2007.
After the Consent Expiration, an additional $0.1 million in aggregate
principal amount of the Notes was validly tendered as of the Expiration Time,
which will be redeemed on or about April 5, 2007.
Goldman, Sachs & Co. served as the sole dealer manager for the Offer.
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 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