SANTA ANA, Calif., Dec. 10, 2014 /PRNewswire/ -- Ingram Micro Inc.
(NYSE: IM) announced today that it has entered into an underwriting
agreement for the sale of $500
million in principal amount of 4.950% Senior Unsecured Notes
due 2024 at an issue price of 99.649%. The company intends to
initially use approximately $385
million of the net proceeds to repay borrowings under its
revolving trade accounts receivable-backed financing program in
North America and the remaining
net proceeds for general corporate purposes, which may include
repayment of other debt, working capital, investments, acquisitions
and capital expenditures. The company may draw down
additional funds under such revolving trade accounts
receivable-backed financing program in the future.
Merrill Lynch, Pierce, Fenner & Smith Incorporated and
Morgan Stanley & Co. LLC acted as joint book-running managers
of the offering. The offering is being made solely by means of a
prospectus supplement and accompanying prospectus, which have been
filed with the SEC. A copy of the prospectus supplement and
accompanying prospectus for the offering may be obtained by
contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated,
Attention: Prospectus Department, 222 Broadway, 11th
Floor, New York, NY 10038, by
email at dg.prospectus_requests@baml.com, or by phone
(800)294-1322; or Morgan Stanley & Co. LLC, Attention:
Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, by email at
prospectus@morganstanley.com, or by phone at (866) 718-1649.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the securities described herein,
and shall not constitute an offer, solicitation or sale in any
state or other jurisdiction in which such an offer, solicitation or
sale would be unlawful.
About Ingram Micro Inc.
Ingram Micro helps businesses
realize the promise of technology. It delivers a full spectrum
of global technology and supply chain services to businesses around
the world. Deep expertise in technology solutions, mobility, cloud,
and supply chain solutions enables its business partners to operate
efficiently and successfully in the markets they serve.
(C) 2014 Ingram Micro Inc. All rights reserved.
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SOURCE Ingram Micro Inc.