||FOR IMMEDIATE RELEASE|
||Manager, Investor Relations
||September 25, 2012|
GENERAL CABLE CORPORATION ANNOUNCES CLOSING OF
$600 MILLION OF SENIOR NOTES OFFERING
HIGHLAND HEIGHTS, KENTUCKY, September 25, 2012 General Cable Corporation (NYSE: 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
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.
This press release does not constitute a notice of redemption under the indenture
governing the 2017 Notes nor an offer to tender for, or purchase, any 2013 Notes or any other security. 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.
General Cable (NYSE:BGC), a Fortune 500 Company, is a global leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and
cable products for the energy, industrial, specialty, construction and communications markets. For more information about General Cable products, please contact your local sales representative.
Forward Looking Statements
statements in this press release of General Cable Corporation, a Delaware corporation (the Company), including, without limitation, plans and objectives, capital expenditures and the Companys or managements beliefs,
expectations or opinions, are forward-looking statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those that predict or describe future
events or trends and that do not relate solely to historical matters. Forward-looking statements can generally be identified as statements containing the words believe, expect, may, could,
anticipate, intend, should, estimate, project, will, plan, assume, seek to or other similar expressions, although not all forward-looking
statements contain these identifying words. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those discussed in forward-looking statements as a result of
factors, risks and uncertainties over many of which the Company has no control. These risks and uncertainties include, but are not limited to, those described in the Companys Annual Report on Form 10-K filed with the Securities and Exchange
Commission (the SEC) on February 23, 2012, as well as any current and periodic reports filed with the SEC subsequent to such date. Forward looking statements reflect the views and assumptions of management as of the date of this
press release with respect to future events. The Company does not undertake, and hereby disclaims, any obligation, unless required to do so by applicable securities laws, to update any forward-looking statements as a result of new information,
future events or other factors. The inclusion of any statement in this press release does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material.