Foamex Moves To Reduce Debt

Linwood, PA, December 26, 2007--Foamex International Inc. said that by December 30, it will pay $40 million toward debt retirement.

That will leave the company with approximately $531 million in debt. A portion of the payment will include approximately $18 million cash from the sale of the company’s interest in Foamex Asia Co. Ltd.

Foamex CEO Jack Johnson said, “Deleveraging the balance sheet remains a top priority and I am pleased that we will significantly exceed our debt reduction target for 2007.”