UNITED STATES |
SECURITIES AND EXCHANGE COMMISSION |
Washington, D.C. 20549 |
FORM 8-K |
CURRENT REPORT |
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 |
Date of Report (Date of earliest event reported): July 24, 2015
INTERLINE BRANDS, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
001-32380 | 03-0542659 | |
(Commission File Number) | (IRS Employer Identification No.) | |
701 San Marco Boulevard, Jacksonville, Florida | 32207 | |
(Address of principal executive offices) | (Zip Code) | |
Registrant’s telephone number, including area code: (904) 421-1400
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 Other Events.
On July 24, 2015, Interline Brands, Inc., a Delaware corporation (the “Company”), directed that Wells Fargo Bank, National Association, as trustee under the indenture governing the Company’s 10%/10.75% Senior Notes due 2018 (the “Notes”), give a notice of the Company’s intent in accordance with the indenture governing the Notes (as supplemented to date, the “Indenture”), to redeem on August 24, 2015 (such date, including as it may be delayed, the “Redemption Date”) in full the aggregate principal amount of the Notes outstanding at a redemption price of 105.000% of the outstanding aggregate principal amount of the Notes to be redeemed, plus accrued and unpaid interest to the Redemption Date (the “Redemption Price”).
The redemption of the Notes and the payment of the Redemption Price on the Redemption Date are conditioned upon the consummation of the Merger (as defined in the Agreement and Plan of Merger (the “Merger Agreement”) dated as of July 21, 2015 among the Company, The Home Depot, Inc., a Delaware corporation (“Parent”), Chariot Merger Sub, Inc., a newly organized, wholly-owned subsidiary of Parent, and GS Capital Partners VI, L.P., solely as representative for the stockholders and the optionholders of the Company) and the transactions contemplated thereby, including the receipt of cash in an amount sufficient to pay the Redemption Price plus accrued and unpaid interest to, but not including, the original Redemption Date or the delayed Redemption Date, as applicable (collectively, the “Redemption Condition”). No assurance can be given that the Merger on which the Redemption is conditioned will be consummated.
The redemption of the Notes may not occur and the notice of redemption may be rescinded in the event that the Redemption Condition has not been satisfied by the Redemption Date.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
The statements contained in this report that 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, natural or man-made disasters, 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 March 27, 2015 and in the Company's Annual Report on Form 10-K for the fiscal year ended December 26, 2014. These statements reflect the Company's current beliefs and are based upon information currently available to it.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
INTERLINE BRANDS, INC. | |||
Date: | July 24, 2015 | By: | /s/ Federico L. Pensotti |
Name: Federico L. Pensotti | |||
Title: Chief Financial Officer | |||