International Wire pulls planned $110 million notes offering, along with consent solicitation

By Paul A. Harris

Portland, Ore., April 6 - International Wire Group, Inc. withdrew its planned $110 million add-on to its 9¾% senior secured notes along with a consent solicitation from the holders of the existing notes, according to a Wednesday press release.

The Camden, N.Y.-based electrical wire manufacturer also canceled plans to pay an approximately $109.5 million dividend to shareholders. The dividend was to be funded from the proceeds from the new bonds.

Wells Fargo Securities, LLC was acting as the solicitation agent for the consent solicitation.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.