JACKSONVILLE, Fla., Oct. 5 /PRNewswire-FirstCall/ -- Interline Brands, Inc. ("Interline" or the "Company"), a leading distributor and direct marketer of maintenance, repair and operations ("MRO") products, announced today that it has filed a universal shelf registration on Form S-3. The registration statement has not yet become effective. Upon being declared effective by the Securities and Exchange Commission ("SEC"), the shelf registration statement will permit the Company to offer and sell up to $350 million of equity, debt or other types of securities described in the registration statement, or any combination thereof, in one or more future public offerings. Such securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
An offering of securities covered by the shelf registration statement will be made only by means of a written prospectus and prospectus supplement, and specific terms of any future offering will be subject to prevailing market conditions. The Company believes filing a shelf registration statement is an efficient means to enable access to capital markets and maximize its financial flexibility. However, the Company does not currently have any commitments or intentions to sell securities at this time. Proceeds from any offering under the registration statement could be used for a variety of purposes including working capital, capital expenditures and general corporate matters.
This press release 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 or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Interline
Interline Brands, Inc. is a leading national distributor and direct marketer with headquarters in Jacksonville, Florida. Interline provides maintenance, repair and operations products to a diversified customer base made up of professional contractors, facilities maintenance professionals, and specialty distributors primarily throughout the United States, Canada, the Caribbean and Central America.
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 by 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, objectives, plans, intentions or goals are also forward-looking statements. The risks and uncertainties involving forward-looking statements include, for example, economic slowdowns, general market conditions, credit market contractions, consumer spending and debt levels, adverse changes in trends in the home improvement and remodeling and home building markets, the failure to realize expected benefits from acquisitions, material facilities systems disruptions and shutdowns, the failure to locate, acquire and integrate acquisition candidates, commodity price risk, foreign currency exchange risk, interest rate risk, the dependence on key employees and other risks described in the Company's Quarterly Report on Form 10-Q for the quarterly period ended June 26, 2009 and in the Company's Annual Report on Form 10-K for the fiscal year ended December 26, 2008, and the Company's Registration Statement as filed on October 5, 2009. 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. The Company does not currently intend, however, to update the information provided today prior to its next earnings release.
CONTACT: Tom Tossavainen
PHONE: 904-421-1441
Interline Brands, Inc.
CONTACT: Tom Tossavainen of Interline Brands, Inc., +1-904-421-1441
Web Site: http://www.interlinebrands.com/
