General Cable Corporation (NYSE: BGC), one of the most globally diversified industrial companies, announced today that, under Section 4.01(a)(6) of the Indenture, dated as of October 2, 2007, 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 1.00% Senior Convertible Notes due 2012 (the “Notes”), the Notes become convertible beginning September 15, 2012 through 5:00 p.m. E.T. on Friday, October 12, 2012. October 12 is the business day immediately preceding the final maturity date of the Notes, which is Monday, October 15, 2012. The present conversion rate of the Notes is 11.9142 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 $10.6 million.
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 or visit our Web site at www.generalcable.com .
Cautionary Statement Regarding Forward-Looking Statements
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. 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.
Forward looking statements reflect the views and assumptions of
management as of the date of this Current Report 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
Current Report does not constitute an admission by the Company or any
other person that the events or circumstances described in such
statement are material.
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