secwatch.observer — SEC 8-K summary
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Issuer:     INTERFACE INC (TILE)
CIK:        0000715787
Form:       8-K
Filed at:   2025-12-03T23:59:59+00:00
Accession:  0000715787-25-000035
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Interface refinances debt: $170M term loan, extends maturity to 2030, redeems $300M notes
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/715787/000071578725000035/0000715787-25-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/715787/000071578725000035/tile-20251203.htm
  HTML page:      https://secwatch.observer/filing/0000715787-25-000035

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