Atlanta GA, October 30, 2006--Interface, Inc. said today that it plans to sell 5,000,000 shares of its Class A common stock in an underwritten public offering. The company also said it plans to grant the underwriters an option to purchase up to an additional 750,000 shares of Class A common stock to cover over-allotments, if any.
All of the shares will be offered by the company and will be issued under the company's currently effective shelf registration statement filed with the Securities and Exchange Commission.
The proceedes for the offering, are intend to repay some of its outstanding debt and may use a portion of such proceeds for general corporate purposes.
Citigroup Global Markets Inc. will serve as sole book-runner for the offering and as joint lead manager for the offering with Raymond James & Associates, Inc. Stifel, Nicolaus & Company, Incorporated, SunTrust Capital Markets, Inc. and BB&T Capital Markets, a division of Scott & Stringfellow, Inc., will serve as co-managers for the offering.
