Foamex Gets OK for $95 Million in DIP Financing

Media, PA, March 18, 2009--Foamex International, a producer of polyurethane foam-based products, said that the U.S. Bankruptcy Court for the District of Delaware has granted final approval for up to $95 million in debtor-in-possession financing provided by MatlinPatterson Global Opportunities Partners III L.P. and Bank of America.

Foamex CEO Jack Johnson said the final approvall is a key step the company's restructuring. The DIP financing, coupled with cash flow from operations gives Foamex the financial flexibility to maintain normal operations and continue to provide our customers with innovative products and solutions without interruption, he said.