New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 15, 2014
08:55 EDTTILE, TILE, TILE, TILE, TILEInterface management to meet with SunTrust
Meetings to be held in Kansas City on May 19 and in Dallas on May 20 hosted by SunTrust.
News For TILE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 13, 2014
10:08 EDTTILEOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
08:52 EDTTILEUS Building Products & Homebuilding sector lowered at Barclays
Subscribe for More Information
05:53 EDTTILEInterface upgraded to Overweight from Equal Weight at Barclays
Subscribe for More Information
October 8, 2014
11:30 EDTTILEInterface plummets to 52-week low after Q3 outlook trails estimates
Subscribe for More Information
October 7, 2014
18:29 EDTTILEOn The Fly: After Hours Movers
Subscribe for More Information
16:50 EDTTILEInterface down 16% following Q3 guidance
Subscribe for More Information
16:26 EDTTILEInterface to resume trading at 4:30 pm ET
Subscribe for More Information
16:08 EDTTILEInterface expands credit facility, plans bond redemption
Interface announced the consummation of an amendment of its existing syndicated facility agreement, effective October 3. The amendment expands the aggregate borrowing availability for revolving loans under the credit facility from $200M to $250M, and provides new borrowing availability for a $200M Term Loan A which may be used to repurchase or redeem, before December 31, 2014, the company's existing 7.625% Senior Notes due 2018. The amendment also extends the maturity of the facility until October 3, 2019. The company also announced its intention to redeem the currently outstanding $247.5M aggregate principal amount of the Notes. While the company has not yet commenced the redemption, it expects to do so shortly and complete the redemption before the end of 2014. The planned redemption is expected to require $266M-$268M, depending on the date of redemption, and to be funded through a combination of Term Loan A and revolving borrowings under the expanded credit facility, and cash on hand. It is estimated that the redemption would result in $12M-$13M in annualized interest savings, based on current interest rates.
16:06 EDTTILEInterface authorizes repurchase of up to 500K shares
Subscribe for More Information
16:06 EDTTILEInterface sees Q3 EPS ex-charge 12c-14c, consensus 25c
Subscribe for More Information
16:00 EDTTILEInterface trading halted, pending news
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use