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Fitch Rates Anixter's Senior Unsecured Notes Offering 'BB+/RR4'

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has assigned a 'BB+/RR4' rating to Anixter, Inc.'s senior unsecured notes offering. Anixter intends to use the net proceeds of the offering to fund a portion of the previously announced acquisition of HD Supply's Power Solutions business for $825 million in cash. The ratings affect $1.7 billion of debt, including undrawn amounts under the company's credit facilities. A full list of current ratings follows at the end of this release. KEY RATING DRIVERS Fit

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