An American maker of modular carpet tiles and flooring founded in 1973, when Ray Anderson brought fusion-bonding carpet-tile technology from Britain to the U.S. and built the company in LaGrange, Georgia. Its products, sold under the Interface, FLOR, and nora brands, cover offices, schools, hospitals, and homes. In 1994, after a customer asked what his company did for the environment, Anderson read a book he later described as a "spear in the chest," sparking the firm's famed sustainability drive, "Mission Zero."
Interface, Inc. amends Executive Bonus Plan, raising max bonus to $3.0M and adding forfeiture for cause.
On June 2, 2026, the Compensation & Talent Development Committee approved amendments to the Interface, Inc. Executive Bonus Plan.
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The maximum annual bonus payable to a participant under the plan is increased from $1.85 million to $3.0 million.
A participant terminated for 'cause' on or before March 15 of the year following the performance period will forfeit any bonus for that period, even if employed through the entire period.
The amended plan is attached as Exhibit 10.1 to the Form 8-K filed June 4, 2026.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Interface Inc. enters new credit agreement, redeems $300M senior notes due 2028
On December 3, 2025, Interface, Inc. entered into a Third Amended and Restated Syndicated Facility Agreement with Bank of America, N.A. as administrative agent and other lenders.
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The new agreement extends the maturity of revolving and term loan facilities to December 3, 2030, adds a $170 million term loan, and reduces the revolving credit facility from $300 million to $250 million.
The $170 million term loan was fully drawn at closing, and net proceeds were used, along with cash on hand, to redeem all $300 million of its 5.50% Senior Notes due 2028.
The indenture governing the redeemed notes was satisfied and discharged, terminating the company's obligations under it, subject to customary surviving obligations.
The new credit agreement includes financial covenants requiring a consolidated secured net leverage ratio no greater than 3.00:1.00 and an interest coverage ratio no less than 2.25:1.00.
1.01 Entry into a Material Definitive Agreement · 1.02 Termination of a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits
Interface, Inc. announces conditional redemption of $300M 5.50% Senior Notes due 2028
The redemption date is December 3, 2025, subject to extension if the condition precedent is not satisfied or waived.
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On November 18, 2025, Interface, Inc. delivered a notice of conditional redemption for all $300,000,000 outstanding principal of its 5.50% Senior Notes due 2028.
The redemption price is 100% of principal plus accrued and unpaid interest to, but excluding, the redemption date.
The redemption is conditioned on the company consummating one or more financing or refinancing transactions with net proceeds sufficient, in its sole discretion, to pay the redemption price.
Interface is arranging a term loan facility to partially fund the redemption, but there is no assurance the facility will be consummated or the condition satisfied.
2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits