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|General Cable Announces $250 Million Private Offering of 5-Year Senior Notes|
The Company intends to use the proceeds of the offering to redeem its senior floating rate notes due 2015 (the “2015 Notes”) and for general corporate purposes, including funding future costs associated with its previously announced restructuring program and repaying borrowings under its senior secured revolving credit facility.
In connection with the offering of the Notes, the Company will agree, subject to certain conditions, to file a registration statement relating to a registered offer to exchange the Notes for new registered notes having substantially identical terms as the Notes.
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
This press release shall 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.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements in this press release are forward-looking
statements that involve risks and uncertainties, predict or describe
future events or trends and that do not relate solely to historical
matters. Forward-looking statements include, among others,
expressed expectations with regard to the following: “believe,”
“expect,” “may,” “will,” “anticipate,” “intend,” “estimate,” “project,”
“plan,” “assume,” “seek to” or other similar expressions, although not
all forward-looking statements contain these identifying words. Actual
results may differ materially from those discussed in forward-looking
statements as a result of factors, risks and uncertainties over many of
which we have no control. These factors include, but are not limited to,
the risks detailed from time to time in the Company’s filings with the
General Cable Corporation