International Wire to draw on revolver for Global Wire purchase

By Sara Rosenberg

New York, June 4 - International Wire Group Inc. plans to use borrowings under its existing revolving credit facility to fund the $28.6 million acquisition of the U.S. assets and operations of Global Wire Inc., according to a news release.

The transaction is expected to close on June 30, subject to customary closing conditions.

International Wire is a Camden, N.Y.-based manufacturer and marketer of wire products.

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