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Interline Brands, Inc. Announces Proposed Debt Financings

26 May 2006

Interline Brands, Inc. (NYSE: IBI) announced today that its operating subsidiary, Interline Brands, Inc., a New Jersey corporation ("Interline New Jersey"), plans to offer senior subordinated notes in an underwritten public offering. In addition, Interline New Jersey intends to enter into a new bank credit facility.


Interline New Jersey intends to use the proceeds of the offering, along with borrowings under the new credit facility, to finance its planned acquisition of American Sanitary and to refinance its existing debt, including Interline New Jersey's outstanding 11 1/2% Senior Subordinated Notes Due 2011. These financings are expected to be completed by the beginning of the third quarter of 2006.


This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of any securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.


Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995


The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, forward-looking statements. The company has tried, whenever possible, to identify these forward-looking statements using words such as "projects," "anticipates," "believes," "estimates," "expects," "plans," "intends," and similar expressions. Similarly, statements herein that describe the company's business strategy, outlook, objectives, plans, intentions or goals are also forward-looking statements. The risks and uncertainties involving forward-looking statements include the failure to close the American Sanitary acquisition and realize expected benefits from the transaction and obtaining debt financing on favorable terms, material facilities systems disruptions and shutdowns, the failure to locate, acquire and integrate acquisition candidates, the dependence on key employees and other risks described in the company's Annual Report on Form 10-K for the fiscal year ended December 30, 2005 and its Quarterly Report on Form 10-Q for the three months ended March 31, 2006. These statements reflect the company's current beliefs and are based upon information currently available to it. Be advised that developments subsequent to this release are likely to cause these statements to become outdated with the passage of time.


CONTACT: Tom Tossavainen


PHONE: 904-421-1441

Source: prnewswire


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