Modular carpet maker Interface to redeem 7.3% Senior Notes
17 Aug '07
1 min read
Interface Inc a worldwide floorcoverings company announced that it will redeem all of its outstanding 7.3% Senior Notes. The Notes, which originally were scheduled to mature on April 1, 2008, will be redeemed on September 29, 2007, or an earlier date that is satisfactory to the trustee for the Notes.
The current aggregate principal amount of the Notes outstanding is approximately $72 million. As provided in the Notes, the redemption price will be an amount equal to the sum of the discounted present values of the remaining scheduled payments under the Notes plus accrued interest.
Interface Inc is the world's largest manufacturer of modular carpet, which it markets under the InterfaceFLOR, FLOR, Heuga and Bentley Prince Street brands, and, through its Bentley Prince Street brand, enjoys a leading position in the designer quality segment of the broadloom carpet market.
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