Mohawk wraps oversubscribed tender offer for $200 million 6½% notes

By Susanna Moon

Chicago, April 12 - Mohawk Industries, Inc. said investors tendered $301,012,000 of its 6½% senior notes due 2011 in the cash tender offer to purchase up to $200 million of the notes.

The tender offer expired at 11:59 p.m. ET on April 9. It began on March 15.

Mohawk accepted about 66.5% of the notes on a pro rata basis because the amount of notes tendered exceeded the cap.

Holders who tendered their notes by 5 p.m. ET on March 26 received $1,035 for each $1,000 principal amount, which includes an early tender payment of $35 per $1,000 of notes.

Holders who tendered their notes after March 26 but prior to the expiration date received par.

The company said it would pay interest in cash up to but excluding April 12, the settlement date.

Banc of America Securities LLC (888 292-0070 or collect 980 388-9217) was the dealer manager. The information agent was 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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