General Cable Corp. (BGC) announced that in light of current market conditions it has decided not to proceed with the previously announced offering of $250 million of senior unsecured notes due 2019 at the current time.
"Uncertain and weak overall conditions in the high yield debt market led us to conclude that the proposed offering of senior unsecured notes would not be in the best interest of shareholders under terms currently available," said Gregory Kenny, President and CEO.
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