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July 29, 2015 3:09 PM ET

Trading Companies and Distributors

Company Overview of Interline Brands, Inc., a New Jersey Corporation

Company Overview

Interline Brands, Inc., a New Jersey Corporation markets and distributes specialty maintenance, repair, and operations (MRO) products. The company offers plumbing, electrical, hardware, security hardware, heating, ventilation, and air conditioning products. Its products are used for the repair, maintenance, remodeling, and refurbishment of properties and non-industrial facilities. The company was formerly known as Wilmar Industries, Inc. a New Jersey corporation and changed its name to Interline Brands, Inc., a New Jersey Corporation in June 2001. The company was incorporated in 1978 and is based in Jacksonville, Florida. Interline Brands, Inc., a New Jersey Corporation operates as a subsidi...

801 West Bay Street

Jacksonville, FL 32204

United States

Founded in 1978

Phone:

904-421-1400

Fax:

904-358-2486

Key Executives for Interline Brands, Inc., a New Jersey Corporation

Chairman of the Board and Chief Executive Officer
Age: 57
Compensation as of Fiscal Year 2015.

Interline Brands, Inc., a New Jersey Corporation Key Developments

Interline Brands, Inc., a New Jersey Corporation Announces Expiration of Tender Offer and Consent Solicitation for Its 7.50% Notes Due 2018

Interline Brands, Inc. announced that its wholly-owned subsidiary, Interline Brands, Inc., a New Jersey corporation announced the expiration and final results of its previously announced offer to purchase for cash any and all of its 7.50% Notes due 2018 and related consent solicitation to adopt certain amendments to the indenture governing the notes. The tender offer and the consent solicitation expired pursuant to its terms at 11:59 P.M., New York City time, on March 25, 2014. The tender offer and consent solicitation were made upon the terms and subject to the conditions in the offer to purchase and consent solicitation statement. Prior to 11:59 P.M., New York City time, on March 11, 2014, $292,517,000 aggregate principal amount of Notes, representing approximately 97.51% of the outstanding Notes, had been validly tendered and not withdrawn. On March 17, 2014, Interline New Jersey made a payment in cash for all Notes tendered prior to the consent deadline. Between the consent deadline and the expiration time, no additional tenders of notes were received. On March 19, 2014, Interline New Jersey called for redemption all of its remaining outstanding Notes not purchased in the tender offer, with a redemption date of March 26, 2014.

Interline Brands Inc. and Interline Brands, Inc. Enters into First Lien Term Loan Agreement with Barclays Bank plc

On March 17, 2014, Interline Brands, Inc. and a wholly-owned subsidiary of Interline, as the borrower, and the subsidiaries of Interline New Jersey from time to time party thereto, entered into the First Lien Term Loan Agreement with Barclays Bank PLC, as administrative agent, and the lenders party thereto, under which Interline New Jersey incurred a term loan in an aggregate principal amount of $350 million and Interline New Jersey, Wilmar Financial, Inc. JanPak, LLC, JanPak of South Carolina, LLC, IBI Merchandising Services, Inc., each as a borrower, and Interline, Glenwood Acquisition LLC and Zip Technology, LLC, as additional loan parties, amended the asset-based senior secured revolving credit facility, dated as of September 7, 2012 by entering into the First Amendment to Credit Agreement, with Bank of America, N.A., as administrative agent, and the lenders party thereto to permit the incurrence of the loan under the New Term Loan Facility and make other changes in connection with the refinancing. The proceeds of the New Term Loan Facility were used to finance the repayment of Interline New Jersey’s outstanding 7.50% Notes due 2018, the repayment of a portion of amounts outstanding under the ABL Facility and the payment of related fees, costs and expenses. Interline New Jersey is the borrower under the New Term Loan Facility. The New Term Loan Facility allows for incremental increases in an aggregate principal amount of up to $100 million.

Interline Brands Inc. and Interline Brands, Inc. Propose Debt Refinancing and Tender Offer and Consent Solicitation for 7.50% Notes Due 2018

Interline Brands, Inc., and its wholly-owned subsidiary, Interline Brands, Inc. are pursuing a proposed debt refinancing. The proposed debt refinancing is expected to result in Interline New Jersey entering into a new first lien term loan credit facility, which would permit term loan borrowings in an aggregate amount of approximately $350 million and amending its existing asset backed revolving credit facility, dated as of September 7, 2012, with Bank of America, N.A., as agent, and the lenders from time to time parties thereto, which permits revolving borrowings in an aggregate principal amount of up to $275 million, in order to permit the incurrence of the loans under the New Term Loan Facility, reduce the interest rate applicable to borrowings under the Existing ABL Facility and make other related changes in connection with the refinancing. The proceeds of the New Term Loan Facility are anticipated to be used for the repayment of existing debt through a tender offer and consent solicitation for any and all of Interline New Jersey's outstanding 7.50% Notes due 2018, the repayment of a portion of amounts outstanding under the Existing ABL Facility, to pay related fees, costs and expenses and for working capital and general corporate purposes. Interline New Jersey has commenced a tender offer to purchase any and all of its outstanding $300 million in aggregate principal amount of 7.50% Notes due 2018 through a cash tender offer. The Tender Offer will expire on March 25, 2014, unless extended or earlier terminated.

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