Interline Brands completes redemption of $80 million 10%/10¾% notes

By Jennifer Chiou

New York, Dec. 30 – Interline Brands, Inc. completed the previously announced redemption of $80 million of its $365 million outstanding 10%/10¾% senior notes due 2018, according to an 8-K filing with the Securities and Exchange Commission.

The notes were redeemed at 105 plus accrued interest to the redemption date of Dec. 30.

The company said it paid an aggregate redemption price of $87.7 million for the redeemed notes using a combination of cash on hand and borrowings under its asset-based senior secured revolving credit facility.

This leaves $285 million of notes outstanding.

Wells Fargo Bank, NA is the trustee.

Interline is a Jacksonville, Fla.-based distributor and direct marketer of broad-line maintenance, repair and operations products to the facilities maintenance end-market.

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