GLENVIEW, Ill. , April 25, 2012 /PRNewswire/ -- Anixter International Inc. (NYSE: AXE), a leading global distributor of communication and security products, electrical and electronic wire & cable, fasteners and other small parts, today announced that through its wholly owned subsidiary, Anixter Inc., it has priced an offering of $350 million of 5.625% senior notes due 2019 in an underwritten public offering. The offering is expected to close on April 30, 2012. Anixter International Inc. will fully and unconditionally guarantee the notes, which will be unsecured obligations of Anixter Inc. The net proceeds will be used to pay down outstanding debt under the company's receivable securitization program and short term borrowings, as well as provide additional liquidity for maturing indebtedness and for general corporate purposes. The offering is being made under Anixter Inc.'s shelf registration statement. Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner and Smith Incorporated, J.P. Morgan Securities LLC and RBS Securities Inc. are acting as joint book-running managers for the offering. Copies of the prospectus supplement and accompanying prospectus may be obtained by visiting the SEC's website at www.sec.gov or by contacting Wells Fargo Securities, LLC, at 550 South Tryon Street, 7th Floor, Charlotte, North Carolina 28202, Attention: Client Support, MAC D1086-070, Telephone: 1-800-326-5897.This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction to any person where such offer or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About Anixter Anixter International is a leading global distributor of communication and security products, electrical and electronic wire & 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 225 warehouses with 7 million square feet of space, and 4) locations in over 260 cities in more than 50 countries. Founded in 1957 and headquartered near Chicago, Anixter trades on the New York Stock Exchange under the symbol AXE. Safe Harbor Statement This news release may contain various "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Exchange Act, which can be identified by the use of forward-looking terminology such as "believes," "expects," "intends," "anticipates," "contemplates," "estimates," "plans," "projects," "should," "may" or similar expressions, including the negative thereof, or other variations thereon or comparable terminology indicating our expectations or beliefs concerning future events. Such statements are subject to a number of factors that could cause our actual results to differ materially from what is indicated in this prospectus supplement. These factors include general economic conditions; changes in supplier relationships; risks associated with the sale of nonconforming products and services; political, economic and currency risks of non-U.S. operations; inventory and accounts receivable risk; copper price fluctuations; risks associated with the integration of acquired companies; capital project volumes; and other factors identified herein under the heading "Risk Factors", and in our reports filed with the SEC under the Exchange Act, including under Item 1A, "Risk Factors" in our Annual Report on Form 10-K for the year ended December 30, 2011. We undertake no obligation to update these forward-looking statements as a result of any events or circumstances after the date made or to reflect the occurrence of unanticipated events. Additional information about Anixter is available on the Internet at www.anixter.com SOURCE Anixter International Inc.