Interline Brands Announces The Expiration Of Tender Offer

JACKSONVILLE, Fla., Dec. 1, 2010 (GLOBE NEWSWIRE) -- Interline Brands, Inc., a New Jersey corporation (the "Company") and a wholly-owned subsidiary of Interline Brands, Inc., a Delaware corporation (NYSE:IBI) ("Interline Brands"), today announced that its previously announced offer to purchase for cash (the "Offer") any and all of its outstanding 8 1/8% Senior Subordinated Notes due 2014 (the "Notes") pursuant to the Offer to Purchase and Consent Solicitation Statement, dated November 1, 2010 (the "Statement") had expired at 11:59 p.m., New York City time, on November 30, 2010 (the "Expiration Time").

As of November 15, 2010, at 5:00 p.m. New York City time (the "Consent Deadline"), $135,573,000 principal amount of the outstanding Notes had been validly tendered and not validly withdrawn. On November 16, 2010, the Company paid $1,043.13, plus accrued and unpaid interest, for each $1,000 principal amount of the Notes validly tendered and not validly withdrawn prior to the Consent Deadline. As of the Expiration Time, $1,750,000 principal amount of additional Notes had been validly tendered and not validly withdrawn between the Consent Deadline and the Expiration Time.

On December 1, 2010, the Company accepted and purchased $1,750,000 principal amount of the Notes in the Offer for a purchase price equal to $1,013.13, plus accrued and unpaid interest, for each $1,000 principal amount of the Notes validly tendered and not validly withdrawn after the Consent Deadline but before the Expiration Time.  After giving effect to the Notes purchased in the Offer, $13,358,000 principal amount of the Notes currently remains outstanding.

On December 1, 2010, the Company issued a notice of redemption pursuant to the indenture governing the Notes (as amended and supplemented), stating that the Company will redeem all of the outstanding principal amount of the Notes not purchased in the Offer at a redemption price of 104.063% of the principal amount thereof plus accrued and unpaid interest to, but not including, the redemption date, which is January 3, 2011.