Interface Inc. has commenced a private offering of $125,000,000 aggregate principal amount of senior subordinated notes due in 2014. The closing of the private offering is expected to occur on or about February 4, 2004. The net proceeds from the sale of the notes will be used to redeem the company's currently outstanding 9.5 percent senior subordinated notes due in 2005.
The notes are being sold to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended, and to non-U.S. persons in reliance on Regulation S under the Securities Act. The notes have not been registered under the Securities Act or any state securities laws. Therefore, the notes may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.