Coinmach Service Corp. Announces Proposed Refinancing of Its Senior Credit Facility

Coinmach Service Corp. (AMEX: "DRY") (the "Company")
announced today that its subsidiary, Coinmach Corporation, intends to
refinance its senior secured credit facility. The new facility is
expected to consist of a $75 million revolving credit facility and a
$570 million term loan facility. The $570 million term loan facility
would be used to refinance approximately $230 million of existing term
debt and, the balance of approximately $340 million, to retire
Coinmach Corporation's 9% Senior Notes due 2010. Deutsche Bank
Securities Inc. and J.P. Morgan Securities Inc. are expected to be
joint lead arrangers in the refinancing.

   This press release does not constitute an offer to buy or sell any
securities or a solicitation of an offer to buy or sell any
securities.

   Statements in this press release that are not statements of
historical or current fact constitute "forward-looking statements."
Such forward-looking statements involve risks, uncertainties and other
factors that could cause the actual results of the Company to be
materially different from historical results or future results
expressed in such statements. Such risks, uncertainties and other
factors include those described in the Company's filings with the
Securities and Exchange Commission.