General Cable Announces Closing of $600 Million of Senior Notes Offering

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General Cable Corporation
BGC
, one of the most globally diversified industrial companies, (the “Company”), announced today that it closed its previously announced private offering of $600 million in aggregate principal amount of senior notes due 2022 (the “Notes”) in an offering exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). The Notes were offered only to qualified institutional buyers in reliance upon Rule 144A under the Securities Act and non-U.S. persons outside of the United States in reliance upon Regulation S under the Securities Act. The Company intends to use the proceeds of the offering to refinance its 7.125% senior notes due 2017 (the “2017 Notes”) through a redemption and its 0.875% senior convertible notes due 2013 (“2013 Notes”) through a possible tender offer, purchases or payment at maturity and for other general corporate purposes.
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