General Cable Corporation Announces Convertibility Window Period Prior to Maturity of 0.875% Senior Convertible Notes
HIGHLAND HEIGHTS, Ky.--(BUSINESS WIRE)--General Cable Corporation (NYSE: BGC), announced today that, pursuant to Section 4.01(a)(6) of the Indenture, dated as of November 15, 2006, among General Cable Corporation, as issuer (the “Company”), the guarantors named therein, as guarantors, and U.S. Bank National Association, as trustee, governing the Company’s 0.875% Senior Convertible Notes due 2013 (the “Notes”), the Notes become convertible beginning October 15, 2013 through 5:00 p.m. E.T. on Thursday, November 14, 2013, which is the business day immediately preceding the final maturity date of the Notes, which is Friday, November 15, 2013. The present conversion rate of the Notes is 20.0826 shares of the Company’s common stock, $0.01 par value per share, per $1,000 principal amount of Notes converted by a holder of the Notes. The aggregate principal amount of the Notes outstanding is $355.0 million.
General Cable Corporation, headquartered in Highland Heights, Kentucky, is a global leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products and systems for the energy, industrial, specialty, construction, and communications markets. Visit our website at www.generalcable.com.