WireCo Planning Senior Notes Offering
June 9, 2011- Share:
WireCo WorldGroup, a portfolio company of Paine & Partners since 2007, intends to raise $150 million of debt financing through an offering of senior notes due in 2017. Proceeds from the offering are expected to be used to prepay a portion of the company's existing term loan and for general corporate purposes. WireCo manufactures wire rope, specialty wire and electromechanical cable products.
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