Interface to redeem $27.5 million 7 5/8% notes at 103 on Nov. 26

By Jennifer Chiou

New York, Oct. 10 – Interface, Inc. announced that it will redeem $27.5 million of its 7 5/8% senior notes due 2018 on Nov. 26.

According to a press release, the company will pay a redemption price of 103 plus accrued interest for a total of about $29.3 million.

As previously reported, funding for the redemption will come from term loan A draws, revolving loan draws and possibly cash on hand.

The company said that it expects to redeem the remaining $220 million aggregate principal amount of notes prior to the end of 2014.

Interface is an Atlanta-based modular carpet company. It announced plans to redeem all $247.5 million of the notes earlier this month.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.