Anixter Canada Inc. enters into C$325 million credit facility

Date : 10/5/15

Value : C$325 million

On October 5, 2015, Anixter Canada Inc. (Anixter) entered into a credit facility for C$325 million where The Bank of Nova Scotia acted as administrative agent and The Bank of Nova Scotia and Bank of America, N.A., Canada Branch acted as co-leads. The purpose of the financing was to provide operating credit to Anixter and to fund the acquisition by Anixter's US parent of the power solutions business of HD Supply Inc.

Anixter, headquartered in Glenview, Illinois, is a global distributer of enterprise cabling and security solutions, electrical and electronic wire and cable.

Borden Ladner Gervais LLP assisted Charles Kim, legal counsel with Anixter, with a team led by Adrian Liu that included James Mathers, Stephen Nguyen, Ken Andersen and Lise Morissette.