Interface, Inc. Closes Public Offering
- Home
- News
-
Interface, Inc. Closes Public Offering
Atlanta, GA, November 10, 2006--Interface, Inc. (Nasdaq: IFSIA - News), a worldwide floorcoverings and fabrics company, today closes its public offering of 5,750,000 shares of Class A Common Stock.
Prior to the closing of the offering of 5,000,000 shares of Class A Common Stock, the underwriters exercised their over-allotment option to purchase an additional 750,000 shares from the company. All 5,750,000 shares were purchased at the public offering price of $14.65 per share, less an underwriting discount of $0.8424 per share. After deducting the underwriting discount and estimated offering expenses, the company estimates that the net proceeds will be approximately $78.9 million.
Citigroup Global Markets Inc. is the sole book-runner for the offering and is joint lead manager with Raymond James & Associates, Inc. Stifel, Nicolaus & Company, Incorporated, SunTrust Capital Markets, Inc. and BB&T Capital Markets, a division of Scott & Stringfellow, Inc., are co-managers for the offering. A copy of the prospectus supplement relating to the offering may be obtained by contacting Citigroup Global Markets Inc., Brooklyn Army Terminal, 140 58th Street, 8th floor, Brooklyn, New York 11220 (telephone: 718-765-6732).
Related Topics:Coverings, Interface