General Cable gives convertible period for $355 million 0.875% notes

By Toni Weeks

San Luis Obispo, Calif., Oct. 15 - General Cable Corp. said its $355 million of 0.875% senior convertible notes due Nov. 15, 2013 are convertible from Oct. 15 through 5 p.m. ET Nov. 14.

The conversion rate on the notes is 20.0826 shares of common stock per $1,000 principal amount, according to a company news release.

General Cable is a Highland Heights, Ky.-based developer, designer, manufacturer, marketer and distributor of copper, aluminum and fiber optic wire and cable products.

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