{"schema_version":"secwatch.filing_event.v1","accession":"0000715787-25-000035","form_type":"8-K","ticker":"TILE","cik":"0000715787","company_name":"INTERFACE INC","filed_at":"2025-12-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.978218+00:00","generated_at":"2026-05-16T15:32:47.161748+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Interface refinances debt: $170M term loan, extends maturity to 2030, redeems $300M notes","bullets":["New $170M term loan fully drawn; revolver reduced from $300M to $250M.","Maturity extended from Oct 2027 to Dec 2030; weighted avg interest rate ~5.24%.","$300M of 5.50% Senior Notes due 2028 redeemed Dec 3, 2025 using term loan and cash.","Financial covenants: max secured net leverage 3.00x, min interest coverage 2.25x.","Facility secured by substantially all domestic assets; unused commitment fee up to 0.30%."],"urls":{"canonical":"https://secwatch.observer/filing/0000715787-25-000035","json":"https://secwatch.observer/filing/0000715787-25-000035.json","markdown":"https://secwatch.observer/filing/0000715787-25-000035.md","text":"https://secwatch.observer/filing/0000715787-25-000035.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/715787/000071578725000035/0000715787-25-000035-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/715787/000071578725000035/tile-20251203.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T15:32:47.161748+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"515731b907de2aee46e8395e3ac51a9939220cd0","claim":"INTERFACE INC terminated Indenture governing 5.50% Senior Notes due 2028 with Regions Bank valued at $300 million redeemed in full (effective 2025-12-03).","evidence_excerpt":"The Notes were fully redeemed on December 3, 2025 using a combination of the net proceeds from the Term Loan and the Company’s available cash on hand.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/715787/000071578725000035/0000715787-25-000035-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Regions Bank"},{"label":"Value","value":"$300 million redeemed in full"},{"label":"Effective","value":"2025-12-03"}],"fact_type":"material_agreement"},{"claim_id":"5c473ce6a3173a0615ce898ad861fe6eb59bb9c2","claim":"INTERFACE INC amended Third Amended and Restated Syndicated Facility Agreement with Bank of America, N.A. valued at $250 million revolving facility, $170 million term loan (effective 2025-12-03).","evidence_excerpt":"On December 3, 2025, Interface, Inc. (“the Company ”) entered into the Third Amended and Restated Syndicated Facility Agreement (the “ Agreement ”) with certain of its wholly owned foreign subsidiaries as co-borrowers (together with the Company, collectively, the “ Borrowers ”), its material domestic subsidiaries as guarantors, Bank of America, N.A. as administrative agent and lender, and the other lenders signatory thereto.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/715787/000071578725000035/0000715787-25-000035-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Value","value":"$250 million revolving facility, $170 million term loan"},{"label":"Effective","value":"2025-12-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}