Interface Completes Debt Tender Offer

Atlanta, GA, Dec. 6, 2010 -- Interface Inc. said Friday that $141.9 million in 11.37% senior secured notes due 2013 and $98.5 million in 9.5% senior subordinated notes due 2014 were tendered.

The tender offer expired on Thursday.

The company paid $280.6 million for the notes, including interest and early tender payments. It funded the purchases with proceeds from its private offering of $275 million in 7.625% senior notes due 2018 and with cash on hand.

About $8.1 million in 11.375% senior secured notes and $11.5 million in 9.5% senior subordinated notes remain outstanding.

Merrill Lynch, Pierce, Fenner & Smith Inc., Citigroup Global Markets Inc. and Wells Fargo Securities LLC were the dealer managers for the offer.