Key Developments: Anixter International Inc (AXE.N)

AXE.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Anixter International Inc reaffirms FY 2014 revenue guidance
Tuesday, 28 Oct 2014 07:30am EDT 

Anixter International Inc:Says it continue to expect FY 2014 organic sales growth on a days adjusted basis to be at the low end of the mid-single digit growth range.Reported revenue of $6.227 bln in FY 2013.FY 2014 revenue of $6.470 bln - Thomson Reuters I/B/E/S.  Full Article

Anixter International Inc's Anixter Inc closes $400 mln, 7-year senior notes offering
Tuesday, 23 Sep 2014 05:00pm EDT 

Anixter International Inc:Says that through its wholly-owned subsidiary, Anixter Inc., it has closed an offering of $400 mln of 5.125 pct senior notes due 2021.Net proceeds will be used to repay amounts outstanding under Anixter's accounts receivable securitization program and to repay borrowings under Anixter's revolving line of credit.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.  Full Article

Anixter International Inc announces closing of Tri-Ed Acquisition
Wednesday, 17 Sep 2014 04:00pm EDT 

Anixter International Inc:Completed the acquisition of Tri-Ed for a total purchase price of $420 million, subject to working capital, escrow and other customary adjustments.  Full Article

Anixter International Inc announces acquisition of Tri-Ed
Monday, 11 Aug 2014 08:00am EDT 

Anixter International Inc:Enters into definitive agreement to acquire Tri-Ed, a independent distributor of security and low-voltage technology products from Audax Group for price of $420 mln.Greenhill & Co. served as financial advisor, Skadden Arps served as legal counsel, and KPMG served as accounting advisor to Anixter on the transaction.  Full Article

Anixter International Inc sees FY 2014 revenue guidance at low end of prior range
Tuesday, 29 Jul 2014 07:30am EDT 

Anixter International Inc:Says for FY 2014 it expect to be at the low end of previous estimate of mid-single-digit organic sales growth.Reported revenue of $6.227 bln in FY 2013.FY 2014 revenue of $6.471 bln - Thomson Reuters I/B/E/S.  Full Article

Anixter International Inc reaffirms FY 2014 revenue guidance
Tuesday, 29 Apr 2014 07:30am EDT 

Anixter International Inc:Continue to expect mid-single digit organic growth in FY 2014.Reported revenue of $6.227 bln in FY 2013.FY 2014 revenue of $6.472 bln - Thomson Reuters I/B/E/S.  Full Article

Anixter International Inc issues FY 2014 revenue guidance above analysts' estimates
Tuesday, 4 Feb 2014 07:30am EST 

Anixter International Inc:Expects FY 2014 mid-single digit organic growth, compared to a 0.5 pct decrease in organic sales for FY 2013.Says it reported revenue of $6.226 bln in FY 2013.FY 2014 revenue of $6.46 bln - Thomson Reuters I/B/E/S.  Full Article

Anixter International Inc declares special dividend of $5.00 per common share
Monday, 25 Nov 2013 04:30pm EST 

Anixter International Inc:Says its board of directors declared the payment of a special dividend to shareholders of $5 per common share, or a total cash outlay of approximately $165 mln.Says the special dividend is payable on Jan. 2, 2014, to shareholders of record on Dec. 11.  Full Article

Anixter International Inc Comments On Q4 2013 Revenue Guidance; Lowers FY 2013 Revenue Guidance
Tuesday, 22 Oct 2013 07:30am EDT 

Anixter International Inc announced that it expect to deliver fourth quarter 2013 organic sales growth in the low single digit range, which will result in relatively flat sales performance for fiscal 2013. The Company reported revenue of $6.253 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.630 billion for the fourth quarter of 2013 and revenue of $6.341 billion for fiscal 2013.  Full Article

Anixter International Inc Reaffirms FY 2013 Revenue Guidance
Tuesday, 23 Jul 2013 07:30am EDT 

Anixter International Inc announced that for fiscal 2013, it expects to deliver low single digit organic sales growth. The Company reported revenue of $6.253 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $6.356 billion for fiscal 2013.  Full Article

Fitch Affirms Anixter's IDR at 'BB+'; Rates Term Loan 'BB+'; Outlook Stable

(The following statement was released by the rating agency) CHICAGO, August 12 (Fitch) Fitch Ratings has affirmed the long-term Issuer Default Rating (IDR) for Anixter International, Inc. (Anixter) and its wholly owned operating subsidiary, Anixter Inc. at 'BB+'. Fitch also rates Anixter's senior unsecured term loan at 'BB+'. The Rating Outlook is Stable. A full list of current ratings follows at the end of this release. The ratings affect $1.3 billion of total debt, including the revolving

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