Anixter International Inc. (NYSE: AXE) announced that its wholly-owned operating subsidiary, Anixter Inc., has priced $250 million of 6.00% senior notes due 2025. The offering is expected to close on November 13, 2018. Anixter International 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 $350 million 5.625% Senior Notes due 2019, announced separately today, and to pay related transactions fees and expenses.
The notes will be offered in the United States to 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.
Anixter International Inc. & Profibusiness.world
November 07, 2018