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Anixter to repay revolving line of credit via notes offering
By Tali Rackner
Norfolk, Va., Sept. 18 – Anixter International Inc. plans to repay borrowings under its revolving line of credit with the proceeds from a senior notes offering, according to a press release.
Proceeds will also be used to repay amounts outstanding under the company’s accounts receivable securitization program.
Anixter is a Glenview, Ill.-based distributor of enterprise cabling and security solutions, electrical and electronic wire and cable and OEM supply fasteners and other small parts.
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