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Recently, General Cable has increased the Revolving Credit Facility from US$700 million (about 4.28 billion yuan) to US$1 billion (about 6.12 billion yuan), and the loan will be used for general corporate purposes. . The increase of US$300 million in senior secured credit lines originated from the integration of some assets in Europe.
This revision work enhanced the financial flexibility of General Cable Corporation to support the company's global business and capital structure. General Cable’s chief financial officer Brian said, “We are happy to use North American and European assets to enhance our global financial flexibility and solvency. Our capital structure and debt portfolio are in a good state of development. The company will continue to capitalize on its favorable conditions. Share repurchase program and quarterly dividend distribution plan."
About General Cable <br><br><br><br><br><br><br><br><br><br><br><br><br><br><br> Universal Cable Corporation is a Fortune 500 company that develops copper, aluminum and fiber optic conductors and cable products used in the energy, industrial, specialty, construction and communications markets worldwide. With global leadership in design, manufacturing, marketing and sales, it has 57 plants in 26 countries and operates in markets around the world. In 2012, U.S. General Cable Corporation achieved a total sales volume of 6 billion U.S. dollars (about 36.7 billion U.S. dollars), and it has become the largest cable and cable manufacturer in the world.
This exchange rate: 1 US dollar = 6.12 yuan
