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Interline Brands, Inc. Prices Secondary Offering of 7,750,000 Shares of Common StockAug. 3, 2005 -- (PRNewswire-FirstCall) -- Interline Brands, Inc. (NYSE: IBI) ("Interline" or the "Company"), a national distributor and direct marketer of maintenance, repair and operations (MRO) products, today announced that it has priced the secondary offering of 7,750,000 shares of its common stock. The offering price was $19.00 per share, and the transaction is expected to close on August 9, 2005. All of the 7,750,000 shares are being sold by selling stockholders. The selling stockholders have also granted the underwriters a 30-day over-allotment option to purchase an additional 1,162,500 shares. Neither the company nor management is selling any shares of common stock. Accordingly, the company and management will not receive any proceeds from the secondary offering. Credit Suisse First Boston LLC and Lehman Brothers Inc. are joint bookrunning managers, JPMorgan Securities Inc. is lead managing underwriter and Robert W. Baird & Co. Incorporated, William Blair & Company, L.L.C. and SunTrust Capital Markets, Inc. are co-managing underwriters for the secondary offering. A prospectus relating to the secondary offering can be obtained from Credit Suisse First Boston LLC at 11 Madison Avenue, New York, New York 10010 or Lehman Brothers Inc. c/o ADP Financial Services, Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, NY 11717, Tel: 631-254-7118. ABOUT INTERLINE Interline Brands, Inc. is a leading national distributor and direct marketer with headquarters in Jacksonville, Florida. Interline provides maintenance, repair and operations (MRO) products to approximately 150,000 professional contractors, facilities maintenance professionals, specialty distributors, and other customers across North America and Central America. CONTACT: Tom Tossavainen Chief Financial Officer Interline Brands, Inc. Tel: (904)421-1441 Email: ttossavainen@interlinebrands.com SOURCE Interline Brands, Inc. *This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these 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. 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, earnings projections, objectives, plans, intentions or goals are also forward-looking statements. The risks and uncertainties involving forward-looking statements include the successful integration of the Copperfield acquisition, the failure to locate, acquire and integrate acquisition candidates, material facilities systems disruptions and shutdowns, the dependence on key employees and certain other risks described in the company's Form 10-K (Commission File No. 001-32380) and Registration Statement on Form S-1 (Commission File No. 333-126515). 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. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Interline Brands Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year. Back to Press Releases |
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The historical information presented may reflect the activities of the professionals of CCMP Capital Advisors, LLC (together with its affiliates, “CCMP Capital”) while they were members of J.P. Morgan Partners, LLC ("JPMP"), a private equity division of JPMorgan Chase & Co. prior to CCMP Capital's commencing operations. Nothing contained herein constitutes an offer to sell or a solicitation of an offer to purchase any investments or securities of any investment vehicles. © 2008 CCMP CAPITAL ADVISORS, LLC. All rights reserved. |
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