Foamex Receives Final Court Approval for $320 Mill

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Foamex Receives Final Court Approval for $320 Mill
Linwood, PA, October 17, 2005--Foamex International announced that the U.S. Bankruptcy Court for the District of Delaware has granted final approval for the Company's $320 million debtor-in-possession (DIP) financing, including a $240 million credit facility and an $80 million term loan arranged for the Company by its existing Agents, Bank of America N.A., and Silver Point Finance, LLC, respectively. Tom Chorman, Foamex's President and Chief Executive Officer, stated, "We are very pleased with today's bankruptcy court decision. Receiving final approval of the DIP financing is another important step in the reorganization process and will allow us to fund our business operations and remain focused on meeting the needs of our customers." More information about Foamex's reorganization case is available on the Company's web site at www.foamex.com/restructuring.