GLENVIEW, Ill. — Anixter International Inc. announced that its wholly-owned operating subsidiary, Anixter Inc., intends to offer, subject to market conditions, $250 million of senior notes due 2025. Anixter International Inc. will fully and unconditionally guarantee the notes, which will be unsecured obligations of Anixter Inc.
Anixter intends to use the net proceeds of the offering to pay a portion of the consideration for the notes validly tendered and accepted for purchase in its tender offer for any and all of its outstanding 5.625% Senior Notes due 2019, announced separately, and to pay related transactions fees and expenses.
The notes will be offered in the United States to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States pursuant to Regulation S under the Securities Act. The notes and the related guarantee have not been registered under the Securities Act, or any state securities laws, and unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.
This press release is for informational purposes only and does not constitute an offer to sell the notes, nor a solicitation for an offer to purchase the notes, nor shall there be any sales of notes, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This press release does not constitute an offer to buy, nor a solicitation of an offer to sell, the outstanding 5.625% Senior Notes due 2019. Such offer or solicitation shall only be made pursuant to the offer to purchase related to the tender offer described above.Tagged with Anixter