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Future growth is very much on the agenda for one American
company – WireCo.
The company has announced an equity investment as it bids
to cut costs by $240m. The investment will see WireCo refinance
its capital structure and extend its debt maturities, reducing its
leverage and annual interest expense significantly, and cutting
its debt from $840m to $600m.
Annual interest expense is expected to be reduced by some
$20m. The full story can be found on page 11.
Faster, faster and faster is the order of the day for Google and
a consortium of five other international companies who have
funded a new trans-Pacific fiber optic cable system, which is
now online and ready for service.
The ‘Faster’ system lands in Oregon, USA, and has two landing
points in Japan, in the China and Mie prefectures. The cable
delivers 60Tb per second bandwith across the Pacific and is
believed to be the highest capacity undersea cable yet built.
Full details are on page 14.
David Bell
Editor
#62
EDITOR
wiredInUSA - August 2016
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INDEX