(Source: PRNewswire-FirstCall)
ATLANTA, May 28 /PRNewswire-FirstCall/ -- Interface, Inc. (the "Company") today announced that it is extending the deadline (the "Early Tender Deadline") for holders of its 10.375% Senior Notes due 2010 (the "Notes") (CUSIP No. 458665AG1) to tender their Notes and receive the total consideration of $1,045 per $1,000 principal amount of Notes, which includes the early tender payment of $30 per $1,000 principal amount of Notes, to 5:00 P.M., Eastern Time, on May 29, 2009. As previously announced, the Company is offering to purchase any and all of the Notes (the "Offer"). Early payment is expected to be made for Notes tendered by the Early Tender Deadline on the date that the conditions to the Offer are met or waived. The early payment date is expected to be on or about June 5, 2009.
As previously announced, as a result of the execution of the supplemental indenture effecting the proposed amendments to the indenture governing the Notes, tendered Notes and consents may no longer be withdrawn or revoked, except in the limited circumstances described in the Offer to Purchase and Consent Solicitation Statement dated May 14, 2009 (the "Offer to Purchase"). As of 5:00 P.M., Eastern Time, today, valid tenders had been received from holders of approximately $123.5 million in aggregate principal amount, representing approximately 87.1% of the outstanding Notes.
The Offer is scheduled to expire at 11:59 P.M., Eastern Time, on June 11, 2009, unless extended or earlier terminated. Holders tendering Notes after the Early Tender Deadline, but by the expiration of the Offer, are entitled to receive the offer consideration of $1,015 per $1,000 principal amount of Notes. Completion of the Offer is subject to satisfaction or waiver by the Company of a number of conditions, as described in the Offer to Purchase, including a financing condition.
The complete terms and conditions of the tender offer are described in the Offer to Purchase, copies of which may be obtained by contacting Global Bondholder Services Corporation as Information Agent at (866) 924-2200 (U.S. toll-free) or (212) 430-3774. The Company has engaged Banc of America Securities LLC, Citigroup Global Markets Inc. and Wachovia Securities to serve as Dealer Managers for the tender offer. Questions regarding the tender offer and consent solicitation may be directed to Banc of America Securities LLC at (888) 292-0070 (U.S. toll-free) or (980) 388-9217, Citigroup Global Markets Inc. at (800) 558-3745 (U.S. toll-free) or (212) 723-6106 or Wachovia Securities at (866) 309-6316 (U.S. toll-free) or (704) 715-8341.
