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Article: General Cable Commences Exchange Offer for Its 1.00% Senior Convertible Notes Due 2012.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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General Cable Corporation (NYSE: BGC) announced that it has commenced an exchange offer for its outstanding 1.00% Senior Convertible Notes due 2012, or the 2012 notes. Upon the terms and subject to the conditions of the exchange offer, the Company is offering to exchange $925 principal amount of its new Subordinated Convertible Notes due 2029, or the 2029 notes, for each $1,000 principal amount of its outstanding 2012 notes. The Company will also pay in cash accrued and unpaid interest on 2012 notes accepted for exchange from the last interest payment date to, but excluding, the date on which the exchange of 2029 notes accepted for exchange is settled.
The 2029 ...