Ingram Micro Announces $500 Million 4.950% Senior Unsecured Notes Offering

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, 11^th Floor, New York, NY 10038, by email at [email protected], 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 [email protected], 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. Ingram Micro and the registered Ingram Micro logo are trademarks used under license by Ingram Micro Inc.

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SOURCE Ingram Micro Inc.