Anixter Canada Inc. enters into $325 million credit facility

On October 5, 2015, Anixter Canada Inc. (Anixter) entered into a credit facility for $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 Canada Inc. and to fund its acquisition of the Canadian operations as part of a US$825 million acquisition by Anixter’s US parent company 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 represented Anixter with a team led by Adrian Liu that included James Mathers, Stephen Nguyen, Ken Andersen and Lise Morissette.

Fasken Martineau DuMoulin LLP acted as counsel to The Bank of Nova Scotia, and Bank of America N.A., Canada Branch, as co-leads, with a team led by Thomas Meagher.

Stewart McKelvey acted as Nova Scotia counsel to Anixter.

Baker & McKenzie LLP acted as Dutch counsel to Anixter with a team that included Kim Tan and Gilles Kempe.

Clifford Chance LLP acted as Dutch counsel to the agent with a team that included Jelle Hofland as well as Nienke van Stekelenburgh.

Thompson Coburn LLP acted as US counsel to the agent with a team that included Victoria Gilbert and Emily Wang Murphy.