GLENVIEW, Ill., April 24, 2012 /PRNewswire/ — Anixter International Inc. (NYSE: AXE), a leading global distributor of communication and security products, electrical and electronic wire & cable, fasteners and other small parts, today announced that through its wholly owned subsidiary, Anixter Inc., it is offering $350 million of senior notes due 2020.
Anixter International Inc. will fully and unconditionally guarantee the notes, which will be unsecured obligations of Anixter Inc. The net proceeds will be used to pay down outstanding debt under the company’s receivable securitization program and short term borrowings, as well as provide additional liquidity for maturing indebtedness and for general corporate purposes.
The offering will be made under Anixter Inc.’s shelf registration statement. (…)
