General Cable amends asset-based revolving facility via JPMorgan

By Tali Rackner

Norfolk, Va., Oct. 29 – General Cable Corp. amended its existing asset-based revolving credit facility via agent JPMorgan Chase Bank, NA on Tuesday, according to an 8-K filing with the Securities and Exchange Commission.

The amendment takes out the repayment of the company’s senior floating-rate notes due 2015 from prepayments and scheduled principal payments on debt actually made from the definition of fixed charges and adds the provision that if General Cable’s total leverage consolidated ratio is greater than 4.75 times, the applicable rate would be increased by 25 basis points.

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

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