Interface, Inc. (Nasdaq: TILE), a worldwide commercial flooring company and global leader in sustainability, today announced an amendment to its syndicated credit facility providing for, among other things, enhanced financial covenant flexibility through the fiscal quarter ending April 3, 2022. The amended credit agreement raises the consolidated net leverage ratio covenant limit for seven quarters and includes a higher interest rate during those quarters with no change to the borrowing limits.

"The amendment to our financial covenant provides us with the flexibility to strategically manage our balance sheet in alignment with our business priorities," said Bruce Hausmann, CFO of Interface. "We appreciate the support of our banking group as we navigate through the global pandemic and position our business for the long term. Interface continues to maintain strong liquidity, and we believe the cooperation of our lenders underscores their confidence in our business."

About Interface

Interface, Inc. is a global flooring company specializing in carbon neutral carpet tile and resilient flooring, including luxury vinyl tile (LVT) and nora® rubber flooring. We help our customers create high-performance interior spaces that support well-being, productivity, and creativity, as well as the sustainability of the planet. Our mission, Climate Take Back™, invites you to join us as we commit to operating in a way that is restorative to the planet and creates a climate fit for life.