Houston Wire & Cable plans to halve net debt to under $40 million

By Sarah Lizee

Olympia, Wash., April 29 – Houston Wire & Cable Co. plans to reduce its net debt to under $40 million from $79.3 million at year-end 2019, according to a press release.

The company said its net debt began declining in April, and it expects that it will decline more rapidly as the company monetizes working capital and cost reductions begin to contribute.

The company is a Houston-based provider of electronic cable, fiber optics, instrumentation, cable and asset management programs.

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