GLENVIEW, Ill., April 16 /PRNewswire-FirstCall/ -- Anixter International Inc. today announced its intention to register under the Securities Act of 1933 up to $300 million principal amount of 1% Senior Convertible Notes due 2013 (the "Notes") and shares of Anixter common stock issuable upon conversion of the Notes for resale by certain selling securityholders. The Notes were originally issued on February 16, 2007 in a private placement. Anixter currently expects to file the registration statement on or prior to May 17, 2007. Anixter will not receive any proceeds from the sale of the Notes or the common stock by such selling securityholders.
This notice does not constitute an offer to sell or the solicitation of an offer to buy any securities. The Notes and the shares of Anixter common stock issuable upon conversion have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
About Anixter
Anixter International is the world's leading distributor of communication products, electrical and electronic wire & cable and a leading distributor of fasteners and other small parts ("C" Class inventory components) to Original Equipment Manufacturers. The company adds value to the distribution process by providing its customers access to 1) innovative inventory management programs, 2) more than 350,000 products and over $900 million in inventory, 3) 220 warehouses with more than 5.5 million square feet of space, and 4) locations in 247 cities in 49 countries. Founded in 1957 and headquartered near Chicago, Anixter trades on The New York Stock Exchange under the symbol AXE.
Safe Harbor Statement
The statements in this news release that use such words as "believe," "expect," "intend," "anticipate," contemplate," "estimate," "plan," "project," "should," "may," or similar expressions are forward-looking statements. They are subject to a number of factors that could cause the company's actual results to differ materially from what is indicated here. These factors include general economic conditions, technology changes, changes in supplier or customer relationships, commodity price fluctuations, exchange rate fluctuations, new or changed competitors and risks associated with integration of recently acquired companies. Please see the company's Securities and Exchange Commission filings for more information.
Additional information about Anixter is available on the Internet at
http://www.anixter.com/
