Interline Files for IPO

On June 15, Jacksonville, FL-based maintenance, repair, and operations marketer Interline Brands filed for an initial public offering with the Securities and Exchange Commission.

According to a release, Interline Brands will use the proceeds to repay debt, make cash payments in respect of Interline brands preferred stock, and terminate the interest rate swap agreements of Interline Brands. Any remaining proceeds will be used for general corporate purposes. The registration statement did not include an offering price range or numbers of share to be sold.

Interline’s catalog titles include Wilmar, Barnett, and Sexauer. It posted $638.8 million in sales for 2003, down slightly from $642.6 million in sales for 2002. The IPO will be underwritten by Credit Suisse First Boston and Lehman Brothers.

Partner Content

The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.