Houston Wire & Cable reduces revolver debt to $51.6 million

By Taylor Fox

New York, Nov. 6 – Houston Wire & Cable Co. reduced the outstanding borrowings under its revolving credit facility to $51.6 million as of Nov. 4, according to a news release.

Houston Wire’s debt in 2020 hit a peak of $95 million in the first quarter, a total debt reduction of $37.2 million.

Houston Wire’s year-end goal is to reduce revolver debt to $45 million, a total debt reduction of $50 million.

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

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