secwatch.observer — SEC 8-K summary
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Issuer:     INTERFACE INC (TILE)
CIK:        0000715787
Form:       8-K
Filed at:   2022-10-17T23:59:59+00:00
Accession:  0000715787-22-000037
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Interface enters Fifth Amendment to credit facility, extends maturity and adopts SOFR
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/715787/000071578722000037/0000715787-22-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/715787/000071578722000037/tile-20221014.htm
  HTML page:      https://secwatch.observer/filing/0000715787-22-000037

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