Superior Essex would draw on existing loan to help fund proposed purchase of Optical Cable

By Sara Rosenberg

New York, Aug. 15 - Superior Essex Inc. would use borrowings under its existing credit facility, along with cash on hand, to fund its proposed acquisition of Optical Cable Corp., according to a company news release.

The proposed acquisition, which is still subject to definitive documentation, is valued at about $36 million.

Superior Essex is an Atlanta-based wire and cable manufacturer. Optical Cable is a Roanoke, Va.-based manufacturer of fiber optic cables.

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