Mohawk Industries begins tender for $200 million in 6½% senior notes

By Devika Patel

Knoxville, Tenn., March 15 - Mohawk Industries, Inc. said it has begun a cash tender offer for up to $200 million of its outstanding 6½% senior notes due 2011.

The offer will expire at 11:59 p.m. ET on April 9.

Holders who tender their notes prior to 5 p.m. ET on March 26 will be entitled to receive $1,035.00 for each $1,000 in notes, which includes an early tender payment of $35.00 per $1,000 of notes.

Holders who tender their notes March 26 but prior to the expiration date will receive $1,000.00 for each $1,000 in notes.

Interest will be paid in cash up to, but not including, April 12, the settlement date.

If the amount of notes tendered exceeds the tender cap, the company will accept the notes on a pro rata basis.

Banc of America Securities LLC (888 292-0070 or collect 980 388-9217) is the dealer manager. The information agent is D.F. King & Co. Inc. (800 769-4414 or collect 212 269-5550).

Mohawk Industries is a Calhoun, Ga.-based producer and seller of floor covering products for residential and commercial applications.

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