General Cable amends revolver, increasing to $275 million

By Jennifer Chiou

New York, June 13 - General Cable Corp. announced it increased the size of its revolving credit facility to $275 million from $240 million through an amendment.

It also increased the maximum investment amount allowed for joint ventures to $25 million from $10 million.

"The increase in the size of the credit facility provides additional flexibility to fund working capital requirements as we continue to profitably grow our business, while the increase in the joint venture basket will allow us to make strategic investments as opportunities arise," said Christopher Virgulak, executive vice president, chief financial officer and treasurer of General Cable, in a news release.

The Highland Heights, Ky.-based company develops and distributes copper, aluminum and fiber optic ware and cable products.

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