General Cable amends asset-based revolver, doubles swingline loan size

By Susanna Moon

Chicago, Sept. 29 – General Cable Corp. amended its asset-based revolving credit facility, doubling the sublimit for swingline loans for the European borrowers to $50 million, according to an 8-K filing with the Securities and Exchange Commission.

The company amended the terms on Sept. 23 with JPMorgan Chase Bank, NA as administrative agent.

The company said it also modified a representation and warranty to refer to matters concerning Angola and waive any defaults or events of default that existed prior to the amendment for any breaches as a result of the matters.

The company also made a technical change to the covenant regarding restrictive agreements to permit customary covenants in any future debt instruments of the company, subject to conditions.

General Cable is a Highland Heights, Ky.-based producer of copper, aluminum and fiber optic wire and cable products.

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