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News Flash
Dixie Group to make public offering of 2.5mn shares
12 May '14
1 min read
The Dixie Group, Inc. announced that it plans to make a public offering of 2,500,000 shares of its common stock. In connection with the offering, the Company intends to grant the underwriters an option for 30 days to purchase up to an additional 375,000 shares of common stock to cover over-allotments, if any.
The Company expects to use the net proceeds from this offering for general corporate purposes and to reduce the balance under its revolving credit facility, which includes borrowings associated with the recent acquisition of Atlas Carpet Mills.
Wells Fargo Securities and Raymond James are joint book-running managers for the offering.
About The Dixie Group
The Dixie Group is a leading marketer and manufacturer of carpet and rugs to higher-end residential and commercial customers through the Fabrica International, Masland Carpets, Dixie Home, Masland Contract, Atlas Carpet Mills and Avant brands.
The Dixie Group
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