ANIXTER INC. ANIXTER INTERNATIONAL INC. DEBT SECURITIES TERMS AGREEMENT February 24, 2005

EXHIBIT 99.1

ANIXTER INC.
ANIXTER INTERNATIONAL INC.

DEBT SECURITIES

TERMS AGREEMENT

February 24, 2005

To:		Anixter Inc.
		Anixter International Inc.
		0000 Xxxxxxx Xxxxxxxxx
		Xxxxxxxx, Xxxxxxxx 00000

Ladies and Gentlemen:

      We understand that Anixter Inc., a Delaware corporation (the “Company”), proposes to issue and sell, and Anixter International Inc. (the “Guarantor”) desires to fully and unconditionally guarantee as to payment of principal of and premium (if any) and interest on, $200,000,000 aggregate principal amount of the Company’s debt securities (the “Underwritten Securities”). Subject to the terms and conditions set forth or incorporated by reference herein, the underwriters named below (the “Underwriters”) offer to purchase, severally and not jointly, the principal amount of Underwritten Securities opposite their names set forth below at the purchase price set forth below.

Underwriter		Principal Amount of Underwritten Securities
Banc of America Securities LLC		$	94,000,000
Wachovia Capital Markets, LLC		$	54,000,000
Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated		$	16,000,000
X.X. Xxxxxx Securities Inc.		$	12,000,000
Scotia Capital (USA) Inc.		$	12,000,000
Xxxxx Fargo Securities, LLC		$	12,000,000
Total		$	200,000,000

The Underwritten Securities shall have the following terms:

Title:		5.95% Notes due March 1, 2015
Rank:		The Securities will be unsecured obligations and will rank

		equally with the Company’s existing and future unsecured senior indebtedness. The Guarantees will be unsecured obligations of the Guarantor and will rank equally with Guarantor’s existing and future unsecured senior indebtedness.
Ratings:		Ba1/BB+/BBB-
Aggregate principal amount:		$200,000,000
Denominations:		$1,000 and integral multiples thereof.
Currency of payment:		U.S. Dollars
Interest rate or formula:		5.95%
Interest payment dates:		March 1 and September 1, commencing September 1, 2005
Regular record dates:		February 15 and August 15
Stated maturity date:		March 1, 2015
Redemption provisions:		Securities may be redeemed at any time at the Company’s option at a redemption price equal to the greater of (1) the principal amount of the Securities being redeemed plus accrued interest to the redemption date or (2) the Make-Whole Amount for the Securities being redeemed as set forth in the Prospectus.
Sinking fund requirements:		N/A
Listing requirements:		N/A
Fixed or Variable Price Offering:		Fixed Price Offering, initial public offering price: 99.784% of the principal amount, plus accrued interest, if any, from Xxxxx 0, 0000
Xxxxxxxx price:		98.934% of the principal amount, plus accrued interest, if any, from March 1, 2005 (payable in same day funds).
Form:		Book-entry
Address for notices to Underwriters:		c/o Banc of America Securities LLC, 00 Xxxx 00xx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attn: High Grade Debt Capital Markets Transaction Management.
Other terms and conditions:		N/A
Closing date and location:		March 1, 2005, Chicago, Illinois.

      All of the provisions contained in the document attached as Annex I hereto entitled “Underwriting Agreement” are hereby incorporated by reference in their entirety herein and shall be deemed to be a part of this Terms Agreement to the same extent as if such provisions had been set forth in full herein. Terms defined in such document are used herein as therein defined.

      Please accept this offer no later than 6:00 o’clock P.M. (New York City time) on February 24, 2005 by signing a copy of this Terms Agreement in the space set forth below and returning the signed copy to us.

	Very truly yours, BANC OF AMERICA SECURITIES LLC WACHOVIA CAPITAL MARKETS, LLC XXXXXXX LYNCH, PIERCE, XXXXXX & XXXXX INCORPORATED
	By:	/s/ Xxxxx Xxxxx
		Authorized Signatory
		Acting on behalf of themselves and the other named Underwriters.

	Accepted: ANIXTER INTERNATIONAL INC.
	By:	/s/ Xxxxxx X. Xxxxxx
		Name:	Xxxxxx X. Xxxxxx
		Title:	Senior Vice President-Finance and Chief Financial Officer
	ANIXTER INC.
	By:	/s/ Xxxxxx X. Xxxxxx
		Name:	Xxxxxx X. Xxxxxx
		Title:	Executive Vice President and Chief Financial Officer