By Paul A. Harris
Portland, Ore., April 16 – International Wire Group Holdings, Inc. announced in a Thursday press release that it has closed the private placement of a $26 million issue of its 10%/12% senior PIK toggle notes due 2020.
The Camden, N.Y.-based wire products manufacturer used the proceeds for share repurchases and general corporate purposes.
Following the repurchases, there were 4,644,454 outstanding shares, the company said.
| Issuer: | International Wire Group Holdings, Inc.
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| Amount: | $26 million
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| Maturity: | 2020
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| Securities: | Senior PIK toggle notes
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| Cash coupon: | 10%
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| PIK coupon: | 12%
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| Closing date: | April 16
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| Distribution: | Regulation D
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