Superior Essex ups revolver to $175 million from $150 million

By Sara Rosenberg

New York, May 5 - Superior Essex Inc. increased the size of its revolver to $175 million from $150 million to provide additional liquidity upon completion of the acquisition of some assets of Belden Inc.'s North American communications wire and cable business, according to a company news release.

This is the second time in about two months that the company opted to expand its revolver. In March, Superior Essex increased its revolver to $150 million from $125 million citing higher working capital requirements due to higher copper prices as the impetus behind the size change.

At March 31, the company had $71 million drawn under its revolver.

Superior Essex is an Atlanta wire and cable manufacturer.

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