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Prospect News home > News index > List of issuers A > Headlines for Anixter International Inc. > News item |
Anixter subsidiary completes tender offer for $88.56 million 10% notes
By Susanna Moon
Chicago, April 1 - Anixter International Inc. said its subsidiary Anixter Inc. completed the tender offer for its 10% senior notes due 2014 in a tender offer that began March 4.
The offer expired at 5 p.m. ET on April 1.
Anixter received no additional tenders since the early participation deadline. Investors had tendered $88,563,000 principal amount, or 66.42%, of the 10% notes as of 5 p.m. ET on March 17.
The payment date was March 18. Holders will receive $1,170 per $1,000 principal amount of notes, which includes an early participation payment of $30.
Anixter also paid accrued interest to the payment date.
The offer was not conditioned on the receipt of any minimum amount of tenders.
Bank of America Merrill Lynch (888 292-0070 or collect at 646 855-3401) is the dealer manager, and Global Bondholder Services Corp. (866 952-2200) is the depositary and information agent.
Anixter is a Glenview, Ill., distributor of communication products, electrical and electronic wire and cable, fasteners and other small parts.
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