International Wire to redeem all 8½% notes due 2017 via new notes

By Tali Rackner

Norfolk, Va., July 11 – International Wire Group, Inc. plans to redeem all of its outstanding 8½% senior secured notes due 2017 with the proceeds from a new $250 million senior secured note offering, according to a press release.

The company will also use advances under its revolving credit facility and balance sheet cash to fund the redemption.

The notes will be redeemed at par plus accrued interest on Oct. 15.

International Wire is a Camden, N.Y.-based manufacturer and marketer of wire products.

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