Anixter International calls LYONs due 2020

By Jennifer Chiou

New York, May 26 - Anixter International Inc. said it will redeem all its outstanding Liquid Yield Option Notes due 2020 at $356.28 per $1,000.00 principal amount at maturity.

The zero-coupon bonds may be converted into common stock before close of business June 28, the redemption date.

Each $1,000.00 principal amount at maturity may be converted into 7.4603 shares of common stock.

On-hand cash balances will fund the redemption of the notes.

Glenview, Ill.-based Anixter's stock closed at $37.16 Thursday on the New York Stock Exchange. Anixter is a distributor of communication products, electronic wires and cables.

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