Interface Announces Early Redemption of $27.5 Million of its 7 5/8% Senior Notes
ATLANTA, Oct. 10, 2013 /PRNewswire/ -- Interface, Inc. (Nasdaq: TILE) (the "Company"), a worldwide floorcoverings company and global leader in sustainability, today announced that it has elected to redeem $27.5 million in aggregate principal amount of its 7 5/8% Senior Notes due 2018 (the "Notes") at a price equal to 103% of the principal amount of the Notes, plus accrued interest to the redemption date. The redemption date for the Notes is November 27, 2013. An aggregate of approximately $29.4 million, which includes interest that will accrue by the redemption date, will be required to redeem the Notes. U.S. Bank National Association, trustee in respect of the Notes, is processing the transmittal of the redemption notice to the holders of the Notes that will be redeemed.
Interface, Inc. is the world's largest manufacturer of modular carpet, which it markets under the Interface® and FLOR® brands. The Company is committed to the goal of sustainability and doing business in ways that minimize the impact on the environment while enhancing shareholder value.
SOURCE Interface, Inc.