New Issue: Interface Inc. $175 million eight-year notes yield 10 3/8%

By Paul A. Harris

St. Louis, Mo., Jan. 11 - Interface Inc. priced $175 million of eight-year senior notes (B2/BB) Friday at par to yield 10 3/8%.

"It priced through price talk," a syndicate official commented, noting the price talk of 10½%-10¾%.

Salomon Smith Barney and Wachovia Securities were joint book runners on the Rule 144A offering. Co-managers were SunTrust Robinson Humphreys and Fleet Securities.

Issuer:	Interface Inc.
Amount:	$175 million
Maturity:	Feb. 1, 2010
Type:	Senior notes
Bookrunners:	Salomon Smith Barney, Wachovia Securities
Coupon:	10 3/8%
Price:	Par
Yield:	10 3/8%
Spread:	551 basis points over the 6.50% Treasury of Feb., 2010
Call features:	Non-callable
Equity clawback:	Until Feb. 1, 2005 for 35% at 110.375
Settlement date:	Jan. 17 flat
Ratings:	Moody's: B2
	Standard & Poor's: BB
Cusip:	458665AF3
End

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