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Client Work

Anixter acquires the Power Solutions segment of HD Supply for US$825 million

Fasken
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Overview

Client

Lenders

On October 5, 2015, Anixter International Inc. (Anixter) announced the acquisition of the Power Solutions segment of HD Supply for $825 million. Anixter funded the acquisition through a combination of a $350 million notes offering issued in August 2015, borrowings under revolving credit facilities, a Canadian term loan and proceeds from the recent sale of its OEM Supply – Fasteners business. Fasken Martineau advised the lenders providing the Canadian acquisition facilities to Anixter with a team led by Thomas Meagher and including Christopher Steeves, Neal Wang, Chloé Archambault, Dev Singh and Kamran Jessani.

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