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Domestic Furnishing Manufacturing: Interface Sells Senior Notes

December 7, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Interface, Inc. (IFSIA – NASDAQ), a manufacturer of modular carpet, has closed an offering of $275 million of 7 5/8% senior notes due 2018.

Interface said it used the net proceeds from the sale of the notes in connection with the company's repurchase of substantially all of its 11.375% senior secured notes due 2013 and 9.50% senior subordinated notes due 2014, in a tender offer that expired on December 2.  

Georgia-based Interface markets its products under the InterfaceFlor, Flor, Heuga and Bentley Prince Street brands, and, through its Bentley Prince Street brand, holds a market position in the designer quality segment of the broadloom carpet market.

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