31.10.2006: Meldung: Interface, Inc.: Plan to Launch Offering of Common Stock
Monday October 30, 6:22 am ET
ATLANTA, Oct. 30 -- Interface, Inc., a worldwide floorcoverings and fabrics company, today announced that it plans to sell 5,000,000 shares of its Class A common stock in an underwritten public offering. The company also 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 company intends to use the net proceeds from the offering 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.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. 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).
About Interface, Inc.
Interface, Inc. is a recognized leader in the worldwide interiors industry, offering floorcoverings and fabrics. The company is committed to the goal of sustainability and doing business in ways that minimize the impact on the environment while enhancing shareholder value. The company is the world"s largest manufacturer of modular carpet under the InterfaceFLOR®, FLOR(TM), Heuga® and Bentley Prince Street® brands, and, through its Bentley Prince Street brand, enjoys a leading position in the high quality, designer-oriented segment of the broadloom carpet market. The company"s InterfaceFabric business is a leading producer of interior fabrics and upholstery products, which it markets under the Guilford of Maine®, Chatham® and Terratex® brands, and provides specialized automotive textile solutions.
Source: Interface, Inc.