8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):
January 16, 2004

ENCORE WIRE CORPORATION

(Exact name of Registrant as specified in its charter)

Delaware	0-20278	75-2274963
(State or other jurisdiction of incorporation or organization)	Commission File Number	(I.R.S. Employer Identification No.)
1410 Millwood Road McKinney, Texas		75069
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (972) 562-9473

(Former name, former address and former fiscal year, if changed since last report)

TABLE OF CONTENTS

	Item 7. Financial Statements and Exhibits.
	Item 9. Regulation FD Disclosure.
SIGNATURE
INDEX TO EXHIBITS
EX-99.1 Press Release

Item 7. Financial Statements and Exhibits.

(c) Exhibits.

99.1 January 16, 2004 Press Release by Encore Wire Corporation regarding an increase in its line of credit.

Item 9. Regulation FD Disclosure.

     On January 16, 2004, Encore Wire Corporation, a Delaware corporation (the “Company”), issued a press release announcing an amendment to its bank credit agreement to increase the Company’s line of credit from $65 million to $125 million and to add four additional banks to the lending group. A copy of the Company’s press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

     Limitation on Incorporation by Reference:

     In accordance with general instruction B.2 of Form 8-K, the information in this report, including exhibits, is furnished pursuant to Item 9 and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section.

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	ENCORE WIRE CORPORATION
Date: January 16, 2004	By:	/s/ FRANK J. BILBAN
		Frank J. Bilban, Vice President – Finance, Treasurer and Secretary; Chief Financial Officer

INDEX TO EXHIBITS

Item	Exhibit
99.1	January 16, 2004 Press Release by Encore Wire Corporation regarding an increase in its line of credit.

EX-99.1 3 d11954exv99w1.htm EX-99.1 PRESS RELEASE

EXHIBIT 99.1

[Encore Wire Corporation Logo Omitted]

Encore Wire Corporation	Contact: Frank J. Bilban
1410 Millwood Road	Vice President & CFO
McKinney, Texas 75069
972-562-9473

Press Release

FOR IMMEDIATE RELEASE January 16, 2004

ENCORE WIRE REPORTS INCREASED LINE OF CREDIT

MCKINNEY, TX — Encore Wire Corporation (NASDAQ/NMS: WIRE) today reported that the Company had expanded its existing credit agreement.

Encore Wire has increased its revolving line of credit from $65 million to $125 million. Under terms of the amended credit agreement, Encore will have the capability to borrow up to the new maximum as needed. The amendment also includes an “accordion feature” that allows the credit line to expand up to $150 million in the future without amending the agreement. The bank group was arranged by Bank of America as agent and includes the other incumbent, Comerica Bank, as well as four new banks, Wells Fargo, Bank One, Guaranty Bank and Hibernia Bank.

Commenting on the expanded credit agreement, Vincent A. Rego, Company Chairman and CEO remarked, “Encore Wire has experienced strong growth in 2003. Our credit agreement has been at the $65 million level for several years and we have outgrown that level. At the current level of sales our working capital needs have also grown. These working capital needs, coupled with capital requirements for any future expansion projects, necessitated this increased capital availability. The banking community’s eagerness to participate in our deal is a testimony to our financial strength and performance. We appreciate our bank partners and thank them for their commitment to the future growth of Encore Wire. We will continue to manage the Company for the long term and ensure our balance sheet remains strong.”

Encore Wire Corporation manufactures a broad range of electrical wire for interior wiring in homes, apartments, manufactured housing and commercial and industrial buildings.

The matters discussed in this news release, other than the historical financial information, including statements about the copper pricing environment, profitability and shareholder value, may include forward-looking statements that involve risks and uncertainties, including fluctuations in the price of copper and other raw materials, the impact of competitive pricing and other risks detailed from time to time in the Company’s reports filed with the Securities and Exchange Commission. Actual results may vary materially from those anticipated.

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EX-99.1

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