Anixter International Inc. Announces Redemption of Anixter Inc. 5.625 % Senior Notes Due 2019
GLENVIEW, Ill.--(BUSINESS WIRE)--Nov 28, 2018--Anixter International Inc. (NYSE: AXE) today announced that its wholly-owned subsidiary Anixter Inc. will redeem all of its 5.625% Senior Notes due 2019 (the “2019 Notes”) that remain outstanding following the final settlement of Anixter Inc.’s previously announced tender offer and consent solicitation for 2019 Notes. The 2019 Notes will be redeemed at a redemption price of 100.99% of the principal amount thereof, plus accrued and unpaid interest to, but not including, the redemption date. The redemption date is expected to be December 3, 2018.
This press release is for informational purposes only and shall not constitute a notice of redemption of the 2019 Notes or an offer to purchase or a solicitation to sell any 2019 Notes.
Anixter International is a leading global distributor of Network & Security Solutions, Electrical & Electronic Solutions and Utility Power Solutions. We help build, connect, protect, and power valuable assets and critical infrastructures. From enterprise networks to industrial MRO supply to video surveillance applications to electric power distribution, we offer full-line solutions, and intelligence, that create reliable, resilient systems that sustain businesses and communities. Through our unmatched global distribution network along with our supply chain and technical expertise, we help lower the cost, risk and complexity of our customers’ supply chains.
Anixter adds value to the distribution process by providing over 135,000 customers access to 1) innovative supply chain solutions, 2) over 600,000 products and over $1.0 billion in inventory, 3) 310 warehouses/branch locations with approximately 9.0 million square feet of space and 4) locations in over 300 cities in approximately 50 countries. Founded in 1957 and headquartered near Chicago, Anixter trades on the New York Stock Exchange under the symbol AXE.
Safe Harbor Statement
The statements in this release other than historical facts are forward-looking statements made in reliance upon the safe harbor of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a number of factors that could cause our actual results to differ materially from what is indicated here. These factors include but are not limited to general economic conditions, the level of customer demand particularly for capital projects in the markets we serve, changes in supplier relationships or in supplier sales strategies or financial viability, risks associated with the sale of nonconforming products and services, political, economic or currency risks related to foreign operations, inventory obsolescence, copper price fluctuations, customer viability, risks associated with accounts receivable, the impact of regulation and regulatory, investigative and legal proceedings and legal compliance risks, information security risks, risks associated with substantial debt and restrictions contained in financial and operating covenants in our debt agreements, the impact and the uncertainty concerning the timing and terms of the withdrawal by the United Kingdom from the European Union, unanticipated change in our tax provision and tax liabilities related to the enactment of the Tax Cuts and Jobs Act and risks associated with integration of acquired companies, including, but not limited to, the risk that the acquisitions may not provide us with the synergies or other benefits that were anticipated. These uncertainties may cause our actual results to be materially different than those expressed in any forward-looking statements. We do not undertake to update any forward-looking statements. Please see our Securities and Exchange Commission (“SEC”) filings for more information.
Additional information about Anixter is available at www.anixter.com.
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CONTACT: INVESTOR CONTACTS
SVP - Global Finance
Lisa M. Gregory, CFA
VP - Investor Relations
KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS
INDUSTRY KEYWORD: TECHNOLOGY NETWORKS SECURITY MANUFACTURING ENGINEERING
SOURCE: Anixter International Inc.
Copyright Business Wire 2018.
PUB: 11/28/2018 04:30 PM/DISC: 11/28/2018 04:30 PM