Anixter subsidiary begins tender offer for 10% senior notes due 2014

By Susanna Moon

Chicago, March 4 - Anixter International Inc. said its subsidiary Anixter Inc. began an offer to purchase for cash its 10% senior notes due 2014.

The company will pay $1,140 per $1,000 principal amount of notes plus an early participation payment of $30.00 per note tendered by 5 p.m. ET on March 17, the early participation deadline.

Anixter also will pay accrued interest to the payment date.

The offer is scheduled to expire at 5 p.m. ET on April 1.

The offer does not require the receipt of any minimum amount of tenders.

The payment date is expected to be March 18 for notes tendered by the early date and to be April 5 for notes tendered by the offer deadline.

Global Bondholder Services Corp. (866 952-2200) is the depositary and information agent.

BofA Merrill Lynch is the dealer manager for the tender offer.

Questions regarding the offer may be directed to Bank of America Merrill Lynch at 888 292-0070 or collect at 646 855-3401.

Anixter is a Glenview, Ill., distributor of communication products, electrical and electronic wire and cable, fasteners and other small parts.

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