International Wire Group, Inc. Announces Completion of New Senior Credit Facility

    ST. LOUIS--Dec. 21, 2001--International Wire Group, Inc. ("Company") today announced it has entered into a new senior credit facility with a group of leading financial institutions. Under the terms of the new facility, the Company will have available a revolving credit facility of $70 million. The new facility will expire on January 15, 2005.
    David M. Sindelar, CEO, said, "We are pleased to have completed the new credit facility. This facility will provide us the liquidity and flexibility for operating needs and near-term expansion including the insulated wire production capacity realignment plan which is nearly complete."
    International Wire Group, Inc., headquartered in St. Louis, Missouri is a leading designer, manufacturer and marketer of wire products, including bare and tin-plated copper wire and insulated copper wire. The Company's products include a broad spectrum of copper wire configurations and gauges with a variety of electrical and conductive characteristics that are utilized by a wide variety of customers primarily in the appliance, automotive, electronics/data communications and general industrial industries. The Company manufactures and distributes its products in 26 facilities strategically located in the United States, Italy, France, Mexico and the Philippines.
    This press release contains forward-looking statements as defined by the federal securities laws and such statements are based on International Wire Group, Inc.'s current expectations and assumptions, which are inherently subject to various risks and uncertainties that could cause actual results to differ from those anticipated, projected or implied. Certain factors that could cause actual results to differ are indicated in International Wire Group, Inc.'s filings with the Securities and Exchange Commission.