Daily News: May 30, 2012

Goldman Sachs, BofA Provide $928 Million for Interline Buyout

Goldman Sachs Group and Bank of America area providing $928 million in financing, consisting of a $250 million asset-based revolving line of credit, a $303 million unsecured operating-company bridge loan and a $375 million unsecured holding-company bridge loan, to Interline Brands, a BusinessWeek article said.

The company, a distributor of janitorial, plumbing and lighting products, will use the financing to supports its acquisition by GS Capital Partners and P2 Capital Partners for $1.1 billion, the article noted.

To read the article in its entirety, click here.