debt
confidence high
sentiment neutral
materiality 0.50
Interface enters Fifth Amendment to credit facility, extends maturity and adopts SOFR
INTERFACE INC
- Maturity date extended to five years from October 14, 2022 effective date.
- LIBOR benchmark replaced with SOFR for all Dollar-denominated loans.
- Certain covenants and other terms modified per the amendment.
- Regions Bank, a lender, also serves as trustee for Interface's 5.5% Senior Notes due 2028.