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From the Wires
Superior Essex Receives Credit Rating Upgrade from Standard & Poor's
New Rating Reflects Substantial Improvement in Leverage Metrics

By: PR Newswire
Apr. 16, 2007 01:30 PM

ATLANTA, April 16 /PRNewswire-FirstCall/ -- Superior Essex Inc. , one of the largest wire and cable manufacturers in the world, announced today that Standard & Poor's Ratings Services (S&P) has upgraded the ratings assigned to the Company, its senior secured credit facility, and its senior secured notes.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060605/CLM056LOGO )

The ratings were in line with Company expectations, and statements from the rating agency address the progress that Superior Essex has made over the past few years. Standard & Poor's noted, "the upgrade reflects the significant progress made over the last three years in improving profitability, as well as substantially improved leverage metrics."

Ratings Summary: Standard & Poor's Corporate credit rating BB- Senior secured credit facility ($225 million) BB+ Senior notes ($252 million) B+ Outlook Stable About Superior Essex

Superior Essex Inc., a FORTUNE 1,000 company, is one of the largest wire and cable manufacturers in the world. The Company manufactures a broad portfolio of wire and cable products with primary applications in the communications, magnet wire and related distribution markets. It is a leading manufacturer and supplier of copper and fiber optic communications wire and cable products to telephone companies, distributors and system integrators; a leading manufacturer and supplier of magnet wire and fabricated insulation products to major original equipment manufacturers (OEMs) for use in motors, transformers, generators and electrical controls; and a distributor of magnet wire, insulation, and related products to smaller OEMs and motor repair facilities. Additional information on the Company can be found on its Web site at http://www.superioressex.com/.

Superior Essex Inc.

CONTACT: Peggy Tharp, Director of Investor Relations of Superior Essex
Inc., +1-770-657-6246

Web site: http://www.superioressex.com/

Published Apr. 16, 2007
Copyright © 2007 SYS-CON Media, Inc. — All Rights Reserved.
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