Interface, Inc. (Nasdaq: IFSIA), the leading sustainable floorcoverings and fabrics company, plans to sell 5 million shares of common stock in an underwritten public offering.
Underwriters will have an option to purchase up to an additional 750,000 shares to cover any over-allotments. Proceeds from the offering will be used to pay down some debt and for general corporate purposes.
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.
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