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Breaking Flooring News

Dixie Announces Public Offering of Common Stock

The Dixie Group
May 12, 2014

The Dixie Group plans to make a public offering of 2,500,000 shares of its common stock.

In connection with the offering, Dixie intends to grant the underwriters an option for 30 days to purchase up to an additional 375,000 shares of common stock to cover over-allotments, if any. 

Dixie expects to use the net proceeds from this offering for general corporate purposes and to reduce the balance under its revolving credit facility, which includes borrowings associated with the recent acquisition of Atlas Carpet Mills. 

Wells Fargo Securities and Raymond James are joint book-running managers for the offering. 

The offering will be made pursuant to Dixie's existing effective registration statement, previously filed with the Securities and Exchange Commission. The offering of these securities will be made only by means of a prospectus. Copies of the prospectus may be obtained by contacting Wells Fargo Securities at cmclientsupport@wellsfargo.com.

KEYWORDS: flooring industry news

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