Interface Inc. filed SEC Form 8-K: Events That Accelerate or Increase a Direct Financial Obligation, Financial Statements and Exhibits
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): November 18, 2025
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ITEM 2.04 TRIGGERING EVENTS THAT ACCELERATE OR INCREASE A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT
Conditional Redemption of Senior Notes
On November 18, 2025, Interface, Inc. (the “Company”) delivered a notice of conditional redemption for all of its $300,000,000 outstanding principal amount of 5.50% Senior Notes due 2028 (the “Notes”). The redemption date for the Notes is December 3, 2025, subject to extension as set forth below (the “Redemption Date”). The redemption price is 100% of the principal amount plus accrued and unpaid interest to, but excluding, the Redemption Date (the “Redemption Price”).
The Company’s obligation to redeem the Notes is conditioned upon the satisfaction of, or waiver by the Company of, the following condition precedent: the Company shall have consummated one or more financing or refinancing transactions, and received net proceeds from such transactions which, in the sole discretion of the Company, together with its available excess funds, are sufficient to pay the Redemption Price. If this condition precedent is not satisfied or waived by the Redemption Date, the Company may extend the Redemption Date to permit more time to satisfy the condition precedent, or cancel the redemption.
The Company is in the process of arranging a term loan facility for the purpose of partially funding the Redemption Price. Although the Company has received commitments from lenders for the facility, there can be no assurance that the term loan facility will be consummated and that the condition precedent to the redemption will be satisfied or waived.
This Current Report on Form 8-K does not itself constitute a notice of redemption of the Notes.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
Except for historical information contained herein, the other matters set forth in this report are forward-looking statements. Forward-looking statements may be identified by words such as “may,” “expect,” “forecast,” “anticipate,” “intend,” “plan,” “believe,” “could,” “should,” “goal,” “aim,” “objective,” “seek,” “project,” “estimate,” “target,” “will” and similar expressions. Forward-looking statements in this report include, without limitation, any statements regarding the satisfaction or waiver of the condition precedent to the redemption, the timing of the redemption (including the date) or the consummation of the term loan facility. Any such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from any such statements, including but not limited to the risks that the term loan facility, or any alternate financing or refinancing, will not be consummated on terms and conditions acceptable to the Company, or in amounts sufficient to fund the Redemption Price, or at all, or that such facility or alternate transaction are not consummated in a timely manner; and the risks under the heading “Risk Factors” in the Company's Annual Report on Form 10-K for the fiscal year ended December 29, 2024, and Quarterly Report on Form 10-Q for the fiscal quarter ended March 30, 2025.
Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. The Company assumes no responsibility to update or revise forward-looking statements made in this report and cautions readers not to place undue reliance on any such forward-looking statements.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits.
| Exhibit No. | Description | ||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| INTERFACE, INC. | |||||
| By: | /s/ David B. Foshee | ||||
| David B. Foshee | |||||
| Vice President | |||||
| Date: November 18, 2025 | |||||