ZEP INC
			Symbol			ZEP

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Affiliates of Zep Inc. Enter into Three-Year, $40 Million Loan and Security Agreement

2009-10-14 16:35 ET - News Release

Portion of Proceeds to Help Capitalize on Organic and Acquisitive Growth Opportunities

ATLANTA -- (Business Wire)

Zep Inc. (NYSE:ZEP), a leading producer, marketer, and service provider of a wide range of cleaning and maintenance solutions, today announced that certain of its affiliates, executed a three-year, Loan and Security Agreement (LSA) with Regions Bank.

The three-year LSA allows for borrowings up to $40 million secured by undivided interests in a defined pool of trade accounts receivable. The LSA is subject to certain restrictions and other conditions customary for loans of this nature. The proceeds from borrowing under the LSA may be used for acquisitions, capital expenditures, repayment of debt, working capital and other general corporate purposes.

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