General Cable Corp. said Friday that bondholders representing almost 98 percent of its convertible notes due in 2012 have accepted a swap for notes due in 2029.
Bondholders got a total of roughly $429.5 million in new notes for the $464.4 million tendered.
That leaves about $10.6 million of the original 2012 notes outstanding.
Shares of General Cable, which provides fiber optic and metal cable products, were up 43 cents, or 1.4 percent, to $31.64 in late trading.
