Anixter Announces Convertibility Window Period Prior to Final Maturity of
the 1.00% Senior Convertible Notes
GLENVIEW, Ill. -- January 15, 2013
Anixter International Inc. (the “Company”) announced today that under Section
4.01(a)(6) of the indenture dated February 16, 2007, the company’s 1.00%
senior convertible notes due 2013 CUSIPs 035290AJ4 and 035290AH8 (the “Notes”)
became convertible beginning today, January 15, 2013, through 5 p.m. EST on
Thursday, February 14, 2013. The final maturity date of the notes is Friday,
February 15, 2013. The present conversion rate of the notes is 17.917 shares
of the company’s common stock per $ 1,000 principal amount of notes.
Pursuant to the terms of the indenture, the company will settle its conversion
obligations up to the principal amount of the notes in cash and may elect to
satisfy any conversion obligations for amounts in excess thereof in stock,
cash or a combination of stock and cash. The company intends to settle all
amounts due upon conversion (including any amounts in excess of the principal
amount) in cash.
The Bank of New York Mellon Trust Company, N.A. is the trustee and the
conversion agent for the notes. All questions regarding procedures of the
conversion of the Notes should be directed to Mary Callahan at Bank of New
York Mellon at:
Address: The Bank of New York Mellon Trust Company, N.A.
2 N. LaSalle Street, Suite 1020
Chicago, IL 60602
This press release is only a summary of certain provisions of the notes and
indenture. A complete explanation of the conversion rights of the holders of
the notes, as well as the procedures required to convert the notes is set
forth in the indenture.
Anixter International is a leading global distributor of communication and
security products, electrical and electronic wire and cable, fasteners and
other small parts. The company adds value to the distribution process by
providing its customers access to 1) innovative inventory management programs;
2) more than 450,000 products and over $1 billion in inventory; 3)
approximately 220 warehouses with 7 million square feet of space; and 4)
locations in over 250 cities and 50 countries. Founded in 1957 and
headquartered near Chicago, Anixter trades on the New York Stock Exchange
under the symbol AXE.
Additional information about Anixter is available atanixter.com.
Anixter International Inc.
EVP – Finance and CFO
Lisa Micou Meers, CFA
Vice President – Investor Relations
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