Key Developments For Interface, Inc.
Interface, Inc. (IFSIA.O) (Nasdaq)
Interface, Inc. Declares Regular Quarterly Dividend
Interface, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.0025 per share payable November 24, 2009 to shareholders of record as of November 10, 2009.
Interface, Inc. Declares Regular Quarterly Dividend
Interface, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.0025 per share payable August 28, 2009 to shareholders of record as of August 14, 2009.
Interface, Inc. Announces Expiration of Tender Offer
Interface, Inc. announced that its tender offer to purchase any and all of its outstanding 10.375% Senior Notes due 2010 expired at 11:59 P.M., Eastern Time, on June 11, 2009. Banc of America Securities LLC, Citigroup Global Markets Inc. and Wachovia Securities served as Dealer Managers for the tender offer.
Interface, Inc. Announces Closing of $150 Million Senior Secured Notes Offering
Interface, Inc. announced the successful completion of the previously announced private offering of $150,000,000 aggregate principal amount of 11 3/8% senior secured notes due 2013. The notes are secured by a second-priority lien on substantially all of the Company's and certain of the Company's material U.S. subsidiaries' assets that secure the Company's domestic revolving credit facility on a first-priority basis. The net proceeds from the sale of the notes will be used in connection with the repurchase, repayment or other discharge of a portion of the Company's $141,803,000 aggregate principal amount of outstanding 10.375% Senior Notes due 2010, for which the Company is conducting a tender offer that commenced on May 14, 2009 and is scheduled to expire at 11:59 P.M., Eastern Time, on June 11, 2009, unless extended by the Company. The notes were sold to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the Securities Act), and to non-U.S. persons in reliance on Regulation S under the Securities Act.
Interface, Inc. Announces Extension of Early Tender Deadline In Tender Offer
Interface, Inc. announced that it is extending the deadline (the Early Tender Deadline) for holders of its 10.375% Senior Notes due 2010 (the Notes) (CUSIP No. 458665AG1) to tender their Notes and receive the total consideration of $1,045 per $1,000 principal amount of Notes, which includes the early tender payment of $30 per $1,000 principal amount of Notes, to 5:00 P.M., Eastern Time, on May 29, 2009. As previously announced, the Company is offering to purchase any and all of the Notes (the Offer). Early payment is expected to be made for Notes tendered by the Early Tender Deadline on the date that the conditions to the Offer are met or waived. The early payment date is expected to be on or about June 5, 2009. The Offer is scheduled to expire at 11:59 P.M., Eastern Time, on June 11, 2009, unless extended or earlier terminated. Holders tendering Notes after the Early Tender Deadline, but by the expiration of the Offer, are entitled to receive the offer consideration of $1,015 per $1,000 principal amount of Notes. Completion of the Offer is subject to satisfaction or waiver by the Company of a number of conditions, as described in the Offer to Purchase, including a financing condition.
