Interline Brands to start roadshow Monday for $175 million 10-year notes via Lehman Brothers, JP Morgan

By Paul A. Harris

St. Louis, June 2 - Interline Brands Inc. will conduct a Monday-to-Friday investor roadshow for its $175 million offering of 10-year senior subordinated notes (B3/B), according to an informed source.

Lehman Brothers and JP Morgan are joint bookrunners for the off-the-shelf offering. Banc of America Securities LLC, SunTrust Robinson Humphrey and Wachovia Securities are co-managers.

The notes will come with five years of call protection.

Proceeds, along with proceeds from the company's $355 million credit facility, will be used to fund the tender for $200 million of the company's 11½% senior subordinated notes due 2011 as well as to repay bank debt and fund the $127.5 million acquisition of American Sanitary Inc.

Interline Brands is a Jacksonville, Fla., distributor and direct marketer of maintenance, repair and operations products.

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