Anixter to begin roadshow Tuesday for $200 million five-year notes

By Paul A. Harris

St. Louis, March 2 - Anixter International Inc. will start a roadshow on Tuesday for its $200 million offering of five-year senior bullet notes, according to an informed source.

The notes are expected to price by the end of the week.

Banc of America Securities LLC, J.P. Morgan Securities Inc. and Wachovia Securities LLC are joint bookrunners for the public offering. Scotia Capital is the co-manager.

The notes will come with a make-whole call at Treasuries plus 50 basis points and a change-of-control put at 101%.

Proceeds will be used to repay short-term debt and for general corporate purposes.

Anixter is a Glenview, Ill.-based distributor of communications and security products, electrical and electronic wire and cable, fasteners and other small parts.

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