GLENVIEW, Ill., April 1 /PRNewswire-FirstCall/ -- Anixter International Inc. (NYSE: AXE) and its Anixter Inc. subsidiary announced today that the offer by Anixter Inc. to purchase for cash any and all of its 10% Senior Notes due 2014 expired at 5 p.m. EDT on Thursday, April 1, 2010 (the "Expiration Time"). A total of $88,563,000 in aggregate principal amount of the notes, representing approximately 66.42% of the outstanding principal amount of the notes, were tendered prior to the Expiration Time. All tendered notes have been accepted for purchase.
All notes were tendered before an early participation payment deadline of 5 p.m. EDT, on Wednesday, March 17, 2010, and all holders received payment on March 18, 2010, the initial payment date.
The complete terms and conditions of the offer were set forth in an Offer to Purchase and related Letter of Transmittal that were sent to holders of notes. Copies of the Offer to Purchase and Letter of Transmittal may be obtained from the Depositary and Information Agent for the Offer, Global Bondholder Services Corporation, at (866) 952-2200 (US toll free).
BofA Merrill Lynch was the Dealer Manager for the tender offer. Questions regarding the offer may be directed to BofA Merrill Lynch at (888) 292-0070 (toll-free) and (646) 855-3401
This press release is neither an offer to purchase nor a solicitation of an offer to sell the notes or any other securities. The offer was made only by and pursuant to the terms of the Offer to Purchase and the related Letter of Transmittal. None of Anixter Inc., Anixter International, the Dealer Manager or the Depositary and Information Agent made any recommendations as to whether holders should tender their notes pursuant to the offer.
Anixter International is a leading global distributor of communication products, electrical and electronic wire and cable, fasteners and other small parts. The company adds value to the distribution process by providing its customers access to 1) innovative inventory management programs; 2) more than 450,000 products and over $900 million in inventory; 3) 225 warehouses with more than 7 million square feet of space; and 4) locations in 265 cities in 52 countries. Founded in 1957 and headquartered near Chicago, Anixter trades on the New York Stock Exchange under the symbol AXE.
Additional information about Anixter is available on the Internet at
SOURCE Anixter International Inc.