ATLANTA, Dec. 24 /PRNewswire-FirstCall/ -- Interface, Inc. (Nasdaq:
IFSIA), the world's largest manufacturer of modular carpet, announced today
the expiration and termination of its private exchange offer, and companion
consent solicitation, with respect to its outstanding 10.375% Senior Notes due
2010 (the "Notes"). The exchange offer and consent solicitation, which had
been commenced on November 25, 2008, expired at midnight on December 23, 2008,
and the Company will not extend the expiration date to continue the proposed
transaction.
All previously tendered Notes will be returned, without expense, to each
tendering Note holder's account at Depository Trust Company or at such other
account designated by the holder. In connection therewith, all consents
previously given by holders with respect to the Company's proposed amendments
to the indenture for the Notes will be deemed withdrawn and canceled.
Interface, Inc. is the world's largest manufacturer of modular carpet,
which it markets under the InterfaceFLOR(R), FLOR(TM), Heuga(R) and Bentley
Prince Street(R) brands, and, through its Bentley Prince Street brand, enjoys
a leading position in the designer quality segment of the broadloom carpet
market. 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.
SOURCE Interface, Inc.
- 12/24/2008
CONTACT: Daniel T. Hendrix, President and Chief Executive Officer and
Patrick C. Lynch, Senior Vice President and Chief Financial Officer,
both for Interface, Inc.,
+1-770-437-6800;
or Eric Boyriven and Bob Joyce, both of FD
for Interface, Inc.,
+1-212-850-5600
Web Site: http://www.interfaceinc.com
(IFSIA IFSIA)