Atlanta, GA, November 7, 2006--Interface, releases the pricing of its public offering of 5,000,000 shares of Class A Common Stock at $14.65 per share.
The company also has granted the underwriters an option to purchase up to an additional 750,000 shares of Class A common stock to cover over- allotments, if any. The company expects net proceeds of approximately $68.5 million from the offering (assuming the underwriters do not exercise their over-allotment option) and intends to use the net proceeds to repay some of its outstanding debt and may use a portion of such proceeds for general corporate purposes.
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.
