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Interface, Inc.
Interface Commences Private Exchange Offer for 10.375% Senior Notes Due 2010
December 13th, 2008
Interface, Inc. (NASDAQ: IFSIA), the world's largest manufacturer of modular carpet, announced the commencement of a private exchange offer relating to the $152,588,000 aggregate principal amount of outstanding 10.375% Senior Notes due 2010 (CUSIP 458665AG1). Interface is offering to exchange, in a private placement, $306 in cash (including a $20 consent payment) and $700 in principal amount of new replacement 13.5% Senior Notes due 2012 for each $1,000 principal amount of the 2010 notes. The terms of the replacement notes will be substantially similar to the terms of the 2010 notes, other than interest rate and maturity. In conjunction with the exchange offer,...
Source: Law & Health Weekly (2008-12-13)
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