Interface announces amendment and restatement of credit facility
Interface Inc., a
worldwide commercial interiors products and services company, announced
the consummation of an amendment and restatement of its revolving credit
facility. The amended and restated facility, like its
predecessor, provides a borrowing amount of up to $100 million, depending on the level of assets maintained in a specified borrowing base.
The facility matures on May 15, 2005, but may be extended to October 1, 2007 if the company meets certain conditions relating to liquidity and the repayment of long-term debt.