May 28, 2009 (FinancialWire) — Carpet maker Interface, Inc. (NASDAQ: IFSIA) has launched a private offering of $150 million of senior secured notes due 2013.

The notes will be secured by a second-priority lien on substantially all of Interface’s and certain of its material U.S. subsidiaries’ assets that secure the company’s domestic revolving credit facility on a first-priority basis.

Interface will use the net proceeds in connection with the repurchase, repayment or other discharge of all of the company’s $141.803 million of outstanding 10.375% senior notes due 2010, for which the company is conducting a tender offer that launched on May 14 and is scheduled to expire on June 11.

Atlanta-based Interface is a manufacturer of modular carpet, which it markets under the InterfaceFLOR, Flor, Heuga and Bentley Prince Street brands. Through its Bentley Prince Street brand the company is active in the designer quality segment of the broadloom carpet market.

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