Coleman Cable starts tender offer for any and all 9 7/8% senior notes

By Jennifer Chiou

New York, Jan. 20 - Coleman Cable Inc. said it began a cash tender offer and consent solicitation for any and all of its 9 7/8% senior notes due 2012.

The offer ends at 11:59 p.m. ET on Feb. 17.

Those who tender prior to the consent deadline of 5 p.m. ET on Feb. 2 will receive $1,027.50 per $1,000 principal amount of notes, including a consent payment of $30.00.

Investors will also receive accrued interest.

Coleman Cable said it will execute a supplemental indenture after receiving consents from holders of a majority of the notes.

The offer is subject to the minimum consent condition as well as a financing condition.

Bank of America Merrill Lynch (888 292-0070 or call collect 646 855-3401) and Wells Fargo Securities (866 309-6316 or call collect 704 715-8341) are the joint dealer managers and solicitation agents. Global Bondholder Services Corp. is the information agent (866 470-4500 or call collect 212 430-3774).

Coleman Cable is a Waukegan, Ill.-based designer, developer, manufacturer and supplier of electrical wire and cable products.

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