Attached files
| file | filename |
|---|---|
| EX-10.2 - EX-10.2 - ANIXTER INTERNATIONAL INC | exhibit2.htm |
| EX-10.1 - EX-10.1 - ANIXTER INTERNATIONAL INC | exhibit1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of Earliest Event Reported): | May 31, 2012 |
Anixter International Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
| Delaware | 001-10212 | 94-1658138 |
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_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 2301 Patriot Blvd, Glenview , Illinois | 60026 | |
|
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
| Registrant’s telephone number, including area code: | 224-521-8000 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.
On May 31, 2012, Anixter International Inc.’s operating subsidiary Anixter Inc. (the “Company”) amended the agreements governing its accounts receivable securitization program. The following key changes have been made to the program:
| • | The size of the program has increased from $275 million to $300 million. |
| • | The liquidity termination date of the program will be May 2015 (formerly May 2013). |
| • | The renewed program carries an all-in drawn funding cost of LIBOR plus 95 basis points (previously Commercial Paper plus 90 basis points). |
| • | Unused capacity fees increased from 45 to 55 basis points to 47.5 to 57.5 basis points depending on utilization. |
All other material terms and conditions remain unchanged. The Amendment No. 1 to Second Amended and Restated Receivables Sale Agreement between the Company and Anixter Receivables Corporation (“ARC”) and the Amendment No. 1 to Second Amended and Restated Receivables Purchase Agreement, among ARC, the Company, the Conduits and the Financial Institutions party thereto, JPMorgan Chase Bank, N.A. (“J.P. Morgan”) and SunTrust Robinson Humphrey, Inc. (“SunTrust”) as Managing Agents, and J.P. Morgan, as agent for the purchasers, each dated as of May 31, 2012, are attached as Exhibit 10.1 and Exhibit 10.2, respectively.
J.P. Morgan and an affiliate of SunTrust serve as lenders under the Company’s Five Year Revolving Credit Agreement.
Item 9.01 Financial Statements and Exhibits.
| Exhibit No. | Description | |||
| 10.1 | Amendment No. 1 to Second Amended and Restated Receivables Sale Agreement, dated as of May 31, 2012, between Anixter Inc., as Originator, and Anixter Receivables Corporation, as Buyer. |
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| 10.2 | Amendment No. 1 to Second Amended and Restated Receivables Purchase Agreement, dated as of May 31, 2012, among Anixter Receivables Corporation, as Seller, Anixter Inc., as the initial Servicer, each financial institution party thereto as a Financial Institution, Chariot Funding LLC (successor by merger to Falcon Asset Securitization Company LLC) and Three Pillars Funding LLC, as Conduits, SunTrust Robinson Humphrey, Inc. and JPMorgan Chase Bank, N.A. (“J.P. Morgan”), as Managing Agents, and J.P. Morgan, as Agent for the Purchasers. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Anixter International Inc. | ||||
| June 1, 2012 | By: |
/s/ Theodore A. Dosch
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| Name: Theodore A. Dosch | ||||
| Title: Executive Vice President - Finance and Chief Financial Officer | ||||
Exhibit Index
| Exhibit No. | Description | |
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10.1
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Amendment No. 1 to Second Amended and Restated Receivables Sale Agreement, dated as of May 31, 2012, between Anixter Inc., as Originator, and Anixter Receivables Corporation, as Buyer. | |
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10.2
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Amendment No. 1 to Second Amended and Restated Receivables Purchase Agreement, dated as of May 31, 2012, among Anixter Receivables Corporation, as Seller, Anixter Inc., as the initial Servicer, each financial institution party thereto as a Financial Institution, Chariot Funding LLC (successor by merger to Falcon Asset Securitization Company LLC) and Three Pillars Funding LLC, as Conduits, SunTrust Robinson Humphrey, Inc. and JPMorgan Chase Bank, N.A. (“J.P. Morgan”), as Managing Agents, and J.P. Morgan, as Agent for the Purchasers. |